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Updated almost 9 years ago on . Most recent reply

User Stats

53
Posts
10
Votes
Nir Babajani
  • Tel Aviv, Israel
10
Votes |
53
Posts

Can I show the house even if the tenant lease ends in a while?

Nir Babajani
  • Tel Aviv, Israel
Posted

Hey Guys and Girls.

I seem to be facing a problem which I'm not really sure how to solve yet.

I own 2 different properties and have decided I want to sell them both. by asking my PM company they stated that both of the apartments have a few solid months until their tenant leases expire, so we are currently "unable" to show the properties for the prospective sellers.

Although I do understand this problem, I would like to proceed to other investments and do wonder what can I do to speed up this process.

If you have some ideas about it, they would be gladly welcomed.

Thanks

Most Popular Reply

Account Closed
  • Investor
  • San Diego, CA
13
Votes |
39
Posts
Account Closed
  • Investor
  • San Diego, CA
Replied

I've been shopping for places that have tenants and from what I have experienced sellers usually require an accepted offer before they show the property. This way at least they are in talks with a buyer befor worrying the tenants. Then it's up to the seller to figure out the leases. Buyers can assume the lease or request tenants gone by close. We offered on one property and the seller had issues with tenants not wanting to leave and requesting $10,000 to end their lease 3 months early. But other tenants might want out anyway. 

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