Thanks Cathy for your response.
I understand that we could sell the property however, and consistent with the info you also noted below, the new owner must continue to honour the lease, ie the tenant would still be under lease to live there until mid-Aug 2016. And as it is a single family home, most buyers will be looking to live there themselves, and not rent it out. In that case, the buyer would not be able to take possession until their current lease ends, in about 11 months. Therefore, unless I can find a buyer who plans to use it as a rental property, putting the property up for sale now doesn't make much sense. But, we could list it for sale next spring, to close in Aug once the current lease expires.