I created my own rental agreement with a clause that allows me to enter to inspect and make improvements and repairs. Instead of renewing at the end of the lease, I want to sell the house. That would require me to list and show the property before the lease is up. Can I legally do this? I have very good tenants and have had no problems with them. They were upset when I told them I was selling. While I don't want to cause them any inconvenience - I do intend to to sell this house. Lease is up in July '07 so there is time. Your advice please.
2007-03-16 12:01:54 · 7 answers · asked by Necie 2 in Business & Finance ➔ Renting & Real Estate
Actually most leases automatically contain that clause. Most Landlords have the right 60-90 prior to expiration of a lease to start showing it to potential renters and buyers , as long as the current tenant has ample notice. it is very Legal.
Mike Luchen
RE/MAX Power Realtors
http://www.WestchesterApartments.net
2007-03-16 12:31:27 · answer #1 · answered by Mike Luchen Coldwell Bankers Blog 1 · 0⤊ 0⤋
First of all never create your own lease!!!!! You almost always forget something if you do it yourself (no offense to you but all landlords who create their own leases often spend more in legal fees later fixing their mistake then it would have cost to have a lawyer draft their lease). You need to make sure to set up a time with the tenants to show the home. You cannot require them to be out of hte home, you need to ask nicely. If they say no then you can't do anything. Your clause says to enter the ome to make improvements and repairs and for isnpections. Showing a home to prospective buyers is not on that list so you cannot do it w/o the tenants permission. One good way might to be to buy them movie or fesival tickets for a day and show the house that day. It seems that it would just be better to wait unitl they move out if you aren't sure the house will be clean or they will comply wiht you request. Next time get legal advise before entering into a lease. Also, be sure not to enter w/o their permission, you could get into big trouble!!!
2007-03-24 04:59:12 · answer #2 · answered by Anonymous · 0⤊ 0⤋
As long as there is not a guaranteed lease renewal clause in your lease contract, you can show and sell your property. You may have to provide 24 hour notice before each viewing, which can make it more difficult to show as often. On the other hand, if your tenants are upset about losing the property, perhaps they would be interested in purchasing it. You could make them an offer to sell them the property directly and even offer to pay closing costs on their behalf (the amount you would save by not paying Realtor fees). This way, you are giving them the opportunity to stay and if they have no interest in purchasing the property themselves, they should have no problems with you selling it to someone else.
2007-03-16 13:36:18 · answer #3 · answered by dumenuff 3 · 0⤊ 0⤋
As long as you inform your tenants of your intentions. and notify them in writing with sufficient notification before the property showing there is no problem. the tenants can make it difficult for making these arrangements though. if you put this in your lease agreement you are ok. they shouldn't worry because most income rental property owners would like to have property lwith good tenants already in place.
2007-03-23 20:40:56 · answer #4 · answered by jthessen 2 · 0⤊ 0⤋
Your tenants will remain in the home to complete the term of their lease while you're selling it? You can't just kick them out because you want to fix up the place, show it and sell. They can sue you for breach of contract for that.
2007-03-24 04:24:11 · answer #5 · answered by annazzz1966 6 · 0⤊ 0⤋
I believe you may be required to give your tenant some notice before entering the unit. If they're good tenants, they will not trash it when you are showing it and will make sure their valuables are stowed out of site.
2007-03-16 12:16:38 · answer #6 · answered by the_skipper_also 3 · 0⤊ 0⤋
If the homestead is offered at the same time as your employ continues to be in outcome, then the recent proprietor is meant to fulfill the coolest purchase of your employ settlement, yet would not ought to renew it at the same time as it expires. i have self assurance that the recent proprietor may nicely be able to ask you to bypass yet ought to grant you with a minimum of a 30-day note in order to finish that. until eventually your employ settlement specifically states any of the above, you have not got any of those rights. you may attempt speaking for your landlord about it. If the owner thinks s/he can get a honest value right away out of you, s/he may be more beneficial keen to grant you the first chance to purchase in case you want.
2016-12-02 02:52:06 · answer #7 · answered by ? 3 · 0⤊ 0⤋