Selling tenanted apartment

Our Experts Answer:

There can sometimes be a fractious relationship between a landlord or property manager and a tenant when it comes time to sale, particularly if the sale campaign drags on.
The current market conditions are providing expedient sales results (within around three weeks) at bullish price levels so it is of serious concern that you have not been able to secure a sale within seven years.
Your property manager is obligated to inform tenants if the apartment is on the market for sale and this may indeed turn tenants off or encourage sitting tenants to vacate.
My advice is for you to make a choice between two options - either actively promote the apartment over a three week campaign or formally withdraw the property from the market.
If you feel that your property manager doesn't have your best interests at heart and you're not contractually obligated then show your property manager the door. However, your property manager isn't liable for compensation should the tenant decide to move on.