87EProposed sale of premises

87E Proposed sale of premises

87E Proposed sale of premises

(1) A landlord may give a termination notice on the ground—

(a) the residential premises will be offered for sale, and

(b) the contract for sale will give vacant possession of the premises.

(2) The termination date must be—

(a) for a periodic agreement—at least 90 days after the notice is given, or

(b) for a short fixed term agreement—

(i) on or after the end of the agreement, and

(ii) at least 60 days after the notice is given, or

(c) for another fixed term agreement—

(i) on or after the end of the agreement, and

(ii) at least 90 days after the notice is given.

(3) The landlord requires the approval of the Secretary to enter into a residential tenancy agreement under this Act for the residential premises within 6 months after the termination date.

(4) The Secretary must give approval if satisfied—

(a) the landlord made reasonable efforts to sell the premises, and

(b) the premises were not sold because—

(i) no acceptable offer was made, or

(ii) the landlord was otherwise unable to sell the premises, or

(iii) the landlord experienced exceptional changes to life circumstances that made the plan to sell the premises untenable.

(5) Subsection (3) ceases to apply if the residential premises are sold.

s 87E: Ins 2024 No 75, Sch 1[12].