2006-09-30 10:00:35 · 5 answers · asked by jgjones114 1 in Business & Finance ➔ Personal Finance
Yes, you can extend their lease, so they won't have to leave for another 6 months or year, etc. And the new owner is legally bound to the terms of the lease until it expires. Just keep in mind, that having a tenant with a year lease will significantly reduce the amount of potential buyers. There are a lot of people that want to buy a house so they can live in it, and they can't afford to have someone else living in the house while they find another place to live for a year, waiting for their home to become available. I'm in the home buying market, and there is at least a dozen homes that I've passed up because they have tenants.
Hope this helps!
2006-09-30 10:04:22 · answer #1 · answered by rita_alabama 6 · 1⤊ 0⤋
there is not any regulation for this as far as i recognize. in the adventure that they did not signal for it you're off the hook. only tell them the living house is up on the marketplace they wont question the lease till you convey it up. only say i will't administration it and it truly is the way it really is, and do not tell them you're the owner tell them the owner is the commercial employer, which isn't fullyyt a lie, what can they do. Take care Heather
2016-11-25 19:05:53 · answer #2 · answered by hyre 4 · 0⤊ 0⤋
you may be able to in the contract establish the guidelines as to when were and how they can be let go .
Doing so does make the sale a little harder to sell.
2006-09-30 10:03:31 · answer #3 · answered by Anonymous · 0⤊ 2⤋
You can make it part of the sale, but it may make the house harder to sell.
2006-09-30 10:03:03 · answer #4 · answered by Anonymous · 1⤊ 1⤋
You have to negotiate in the sale when tenants should be gone. If you don't, once the sale is finished, you don't have any say so.
2006-09-30 10:02:38 · answer #5 · answered by Blunt Honesty 7 · 0⤊ 2⤋