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Selling With Renters Inside

Selling With Renters Inside

If you’re selling a house with renters inside they will need to be a primary consideration in how you sell the property, and you will need to have a plan for what information you’re communicating with them. Renters have rights to continue to live at the property past the point of any sale based on their leases, and during the time you may be showing the property there are rules for landlords that you must follow for notifying the tenants in advance of any showings. Communicating your intention to sell right away may seem like the best course of action, but until you have a reasonable assurance that you can sell the property at the price and in the manner desired it may be wise to wait until you’ve talked to some investors looking to buy or a real estate agent if you’re considering listing the house. That can help avoid the risk of scaring renters into thinking they have to make their own decision to move which can leave you with a vacant property. 

Landlord & Tenants: Rights & Responsibilities: https://www.ag.state.mn.us/Consumer/Handbooks/LT/default.asp

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