Selling a property

When a let property is sold with the tenant staying, the buyer becomes the landlord of the existing tenancy. Record the sale in the agency account that manages it.

Who this is for: letting agencies.

The property record after a sale: the history stays.

What you are deciding

When the sale completed, and who the buyer is.

Your options

• Tenant staying. Use Record a sale: the tenancy continues and the buyer becomes landlord.
• Property sold empty. End the tenancy first, then archive the property.
• You manage it yourself. Open a support ticket with the address and the buyer.

How to do it

1. Search for Record a property sale with the search box at the top (or press Ctrl+K).
2. Choose the property and enter the completion date.
3. Enter the buyer's details.
4. Save. The history stays on the property.

A worked example

17 Holly Lane completes on Friday 9 October 2026. On 12 October the agency records the sale: completion 9 October, buyer Ashworth Holdings Ltd. The last increase date, 1 June 2026, stays, so the next increase still cannot start before 31 May 2027.

What Abide.Rent does for you

• Keeps the tenancy, notices and rent history on the property.
• Keeps the date of the last increase.
• Records who owned the property and when.

If something goes wrong

• “Record the sale on or after the day it completes. The completion date cannot be in the future.”
  What to do: Record it after completion.
• “The completion date cannot be before the sellers' ownership began on …”
  What to do: Check the date.
• “Only the owner or a manager of this account can record a sale.”
  What to do: Ask an owner or manager.

Common mistakes

• Serving a new notice because of the sale. Take advice first; a sale does not restart the 52 weeks.

What to do next

• Record a property sale
• Changing letting agent
• Control follows payment