Joel DyckReal Broker SK Ltd.
Saskatoon · From the topic map

Should I deliver my Lakeridge 2-family vacant or tenanted?

Whether to deliver a Lakeridge two-family vacant or tenanted depends mainly on your buyer pool: an owner-occupier generally wants vacant possession while an investor often prefers a tenant already in place with income proven on paper, per the buyer categories the Saskatchewan REALTORS Association tracks for multi-unit sales.

A tenanted delivery has to respect the Residential Tenancies Act, 2006, which governs how and when a lease can be ended for a sale and what notice a tenant is owed. Ending a lease incorrectly can delay possession or expose a seller to a claim.

An investor-buyer will usually pay for documented, in-place rent more readily than for a projection, because it removes their lease-up risk on day one. An owner-occupier, by contrast, will often discount an offer to cover the hassle and delay of waiting out an existing tenancy.

Knowing which buyer you are most likely to attract is what should decide the delivery, not a general rule. Get your hand-reviewed valuation from Joel Dyck.

Get your hand-reviewed valuation from Joel Dyck.

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