Offer tenant incentive agreements - $500 - $1,000 for cooperation during the listing period in exchange for maintaining the unit in showing condition and allowing access with 24-48 hour notice. Hostile or messy presentations deter qualified buyers and suppress offers. Document the agreement in writing. If a tenant refuses all cooperation, coordinate showings around their schedule and photograph common areas and vacant units to give buyers a representative impression.
This article provides general educational information only. It is not legal, tax, financial, insurance, compliance, housing, brokerage, or professional advice. Rules, tax rates, obligations, enforcement practices, and market conditions vary by property, building, contract, municipality, and jurisdiction, and they change. Sellers should consult a qualified attorney, CPA, or other appropriate professional before making decisions based on their specific situation.
From the seller playbook: Selling Small Multifamily (2-4 Units) in New York - Tenant Issues and Hybrid Pricing
This is general information, not legal, tax or accounting advice. Every situation is different. Talk to a licensed attorney, accountant or tax professional before you act.
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