Do you own a property you want to sell in Reno, Nevada? The selling process can become a little more complicated when other people live in your house. In our newest post, learn more about how to sell your house with tenants in Reno, Nevada.
As a landlord, there may be a day were would like to sell your house while it is occupied with tenants. Even if you have tenants, it’s your property and if you want, you can sell it. In some cases, you can let your tenants know, and it’s not going to be a problem. You don’t want to risk losing your tenants and become stuck with a vacant house while your house is on the market. The tenants have rights, that said, you want to make sure you don’t violate them. Below, we talk about common things when you decide to sell your house with tenants in Reno, Nevada.
The Lease Situation
What does your lease look like? If you have a month to month lease, it shouldn’t be too difficult to sell your house. You’ll have to give your tenant a fair amount of notice, usually 30 – 60 days. If you’re in the middle of a fixed – term lease, things are a little different. If you want to sell mid – lease, you must either sell the property to an investor who will honor the lease or give your tenant some incentive to move out. Some leases contain early termination clauses that allow you in certain situations to terminate the lease early. Remember, the tenant also has rights under the Fair Housing Act, and if you breach those rights, you may be punished. Never try to force a tenant out of the lease or the house if they have the legal right to be there.
If You Have Difficult Tenants
You should be able to evict them without a problem if your tenant violated their lease. That said, the eviction process can be long and arduous if your tenant refuses to leave. Most landlords try at all costs to avoid evictions. By directly selling your house with tenants, you can avoid the eviction process yourself and move on with cash in hand from the property. Many direct buyers just take over the lease and the business continues as usual. If the tenants violate their lease, the buyer will proceed as necessary with the eviction process. In addition, direct sales will help you avoid listing, marketing and displaying the property, which is likely to cause even more tension between you and your hard tenants.
There are many reasons why a direct sale is beneficial for people who need to sell their house with tenants in Reno, Nevada. Investors are happy to take over a property that already has a tenant, especially if it is in good standing. It saves them advertising, marketing and displaying time and money. They don’t have to bother screening tenants or running background checks because these things have been done already. Even if a difficult tenant lives at home, an experienced investor will have no trouble following the eviction process if the tenant is in breach. They probably had to do it before, and the process won’t bother them. If you want to sell a house with tenants in Reno Nevada, there are some ways to do this. Always make sure you are fair and give the right amount of notice to your tenants. It’s not just the law, it’s the right thing to do.
Know that you have options. We work with several investors who would be glad to buy your house, even if it is occupied with tenants. You will receive a full market offer and you Do Not have to pay any closing cost, Contact me today if you are looking to sell your house with tenants in Reno, Nevada.