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Updated 5 months ago, 08/09/2024

User Stats

60
Posts
40
Votes
Tyler Haanen
  • Rental Property Investor
  • Milwaukee, WI
40
Votes |
60
Posts

Current Tenant in Home Buying Process

Tyler Haanen
  • Rental Property Investor
  • Milwaukee, WI
Posted

Hi all,

I am wondering if someone has dealt with a similar scenario and can offer advice:

I have a tenant with their lease ending in November. They are in the home buying process but may not find a home until next year. I am curious on how I should handle the news that they have an accepted offer. Should I then start showing the home? What if their deal doesn’t close? 

Plan currently is to offer a six month lease when their current lease ends to have it end in summer, with the thought that at any point they would give me their notice of vacating hopefully with atleast 30-45 days to find a new tenant. Just not sure if I should worry about the deal not closing. 

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