Offer Tenant Chance to Buy?

[Naillah Valor]

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]

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.