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Updated almost 4 years ago on . Most recent reply

User Stats

57
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118
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Cathy Malmrose
  • Rental Property Investor
  • Lapeer, MI
118
Votes |
57
Posts

What to tell the tenants to prep for selling the home?

Cathy Malmrose
  • Rental Property Investor
  • Lapeer, MI
Posted

I am about to sell 2 quads, 1 duplex and 1 SFR in a small town in Michigan, listing through a regular realtor. I have picked out each of the tenants myself. They have all paid rent through the pandemic and they are all good people. It seems like the best move is to give them a letter explaining that I am selling the properties and they need to clean up any messes and keep their units clean while the homes are being sold.

Advice? 

Most Popular Reply

User Stats

170
Posts
59
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Drew Brown
  • Property Manager
  • Lansing, MI
59
Votes |
170
Posts
Drew Brown
  • Property Manager
  • Lansing, MI
Replied

@Cathy Malmrose I am not a lawyer, but there is no legal requirement for you to inform the current tenants of the property’s sale. 

It is common curtesy to inform the tenants of the sale. A quick letter thank them for paying on time and taking care of the properties in addition to letting them know what is going on would be sufficient. Let me know if you have any additional questions.

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