Selling a property with tenants
Helps you understand how tenants affect who can buy and how the sale works.
- A tenancy usually carries on after a sale, so the buyer is taking on both the property and the tenancy.
- Fixed-term and periodic tenancies end in different ways, so check which one you have before you set a plan.
- Investors may like tenants in place; people who want to live there may not.
- Talk to the agent about whether to market it as tenanted, vacant, or both.
- A buyer's lender may want vacant possession at settlement, so ask about finance terms early.What does Settlement mean?Settlement day is the day you pay the balance of the purchase price and the property becomes yours. settled.govt.nz (Te Kāhui Kāinga Ora / REA): Settling on settlement day
Check the details. Check notice rules and your obligations with Tenancy Services and your lawyer before telling tenants anything.
Official pages
Shortened from a Berry article first written 2026-05-18. Figures we could not check against a public source were taken out. This is general information, not advice.