Selling Duplex, Need Advice About Current Tenant Lease

[Alex Maas]

Hi all,

I bought a duplex and house hacked the lower level. Due to a new job I want to sell the property and think I can make out really well with the current market. I have a tenant upstairs, who is a fantastic tenant, that wants to stay at the property for another year if possible. I told him I can extend his lease a few months so he can have time to find a new place at the very least. In my opinion he is paying above market prices for the unit.

My question: would it hurt me if I extended his lease a full year before selling? I don’t want to lose potential buyers if they see the upstairs is taken for a full year. The open unit, which I’m living, is much larger and because I renovated is the better unit.  Any advice would be wonderful, thanks!