Leases transfers with the sale of a rental property..right?!

[Account Closed]

Am i crazy or is this agent just an idiot..or lying to me.

I had a verbal agreement with a buyer who contacted me directly regarding purchasing a townhouse im selling (Goodbye stupid HOA!!). Tenants are vacating 7/31. He makes a verbal cash offer, immediate close, buying it as is with the tenants in place. Real simple.

Next thing i know he has an agent, and she is hitting me up wanting to use their contracts; fine. Then this morning she asks if they can do a 45 day close so that the tenants can vacate and he can inspect the property after they've done so. Nope. Its priced where it's at because i want it gone, now. I told her the month to month lease would transfer over, and the tenants would sign an estoppel agreement to confirm the lease status and move out date. Here's what she just sent:

"Lloyd,

Here is why:

The tenant has a lease in place with you and does not have a lease with my client. If my client purchases the property before the renter leaves, he cannot legally hold them responsible for any damage (the lease is not with him). What if the tenant doesn't move at the end of the month. It's hard to make them move if you don't have a lease with them. In order for my client to close before they leave, they would have to sign a new lease with him for the 2 weeks that they would be living there under your ownership. "

[Ron Dayley]

The lease transfers to the new owner, she is wrong.