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Updated almost 7 years ago on . Most recent reply

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100
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Dori Arazi
  • Los Angeles , CA
19
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100
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Selling tenant occupied to a non investor?

Dori Arazi
  • Los Angeles , CA
Posted

How do I approach selling a tenant occupied property to a non investor? If I have to wait for the lease to expire, is there an accepted clause in the lease that can be added for this case scenario?

Most Popular Reply

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378
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Max Gradowitz
  • Bakersfield, CA
304
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Max Gradowitz
  • Bakersfield, CA
Replied

If they are on a long term lease, then whoever buys it will have to honor the rest of that lease.  The best thing to do if you want to sell now to an owner occupant is negotiate a deal with the tenants to leave early.  The tenant and you can amicably agree to end the lease early, and they may be willing to.

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