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Selling a Rental Property With Tenants Still Living In It

You don’t have to wait for a lease to end to sell a rental property — here’s how it typically works with tenants still in place.

Selling to another landlord vs. an owner-occupant

A cash buyer purchasing as an investment can take on the property with tenants in place, unlike an owner-occupant buyer who usually needs it vacant.

What tenants are entitled to

Existing leases generally transfer with the property, and tenants typically must be given proper notice of any change in ownership — requirements vary by state and lease terms.

Why this often moves faster

Because there’s no need to wait for tenants to move out or to show the property to traditional buyers, a sale like this can close on a much shorter timeline.

We regularly buy occupied rental properties as-is — the tenants and the situation stay exactly as they are.



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