Offer Tenant Chance to Buy?

Question

Hi. I'm am working on putting a wholesaling deal together. After his aunt passed away, the seller inherited 2 properties (single-family townhomes) in Baltimore County MD, with tenants in them. He has a lease for one and not the other but both tenants say they were previously on a month-to-month lease. He wants to sell them and let the new owner deal with removing tenants. I read he has to offer the tenants a chance to buy. Does anyone know how  I advise before I go under contract for his properties?

Marc Winter · Answer

Your best bet is to speak with a real estate attorney re: right of first refusal.  I doubt there is such a thing for a tenant, but in MD ya never know!  While you are at it, discuss the eviction process in your area.  If this is your first eviction, hire the attorney.  Learn the process, then keep moving forward.

BTW, whenever I am selling a tenant-occupied property, I always offer it to the tenant first.  Most will never buy, but some become a bit more cooperative about showing after the courtesy of your offer.

Naillah Valor · Answer

@Jeffrey Donis - Thank you. I forgot to mention that at first but updated it now. It's in Baltimore County MD.

Jeffrey Donis · Answer

@Naillah Valor I've never heard of you legally having to offer the tenants to buy. What state is this in?

It is my understanding that you only need to give them the appropriate amount of notice to vacate the property.