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Updated over 3 years ago on . Most recent reply
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Baltimore City Right of First Refusal
Hello BP,
Any Baltimore City wholesalers ever came across wholesaling a property with a tenant who doesn't have a lease?
The current tenant has no lease which I understand puts him in a month to month lease status. He has lived at the property for years now and the owners want to sell. The wholesaler is insisting that since the tenant has no lease, then the sale doesn't have to be offered to him first. Anyone know if this is true in Baltimore City?
The owners have already signed a contract to sell the property.
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Title company is going to need this issue addressed in their file... either a paper trail with no response or a letter from the tenant declining to exercise the right. Seller will have to state under oath that they complied with the statute.
- Tom Gimer
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