Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
General Landlording & Rental Properties
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 5 years ago,

User Stats

4
Posts
3
Votes
Amanda Hall
3
Votes |
4
Posts

Landlord is selling home via OpenDoor, asking me to vacate ASAP

Amanda Hall
Posted

Hi there! 


My landlord reached out to me via email regarding their need to sell the home I currently rent, as they are attempting to buy a home out of state for their child. They are selling via OpenDoor, which requires the house to be vacant prior to selling it.

They offered to assist with moving expenses in the amount of $500, but when I moved in 3 years ago, my moving-related costs were much higher than $500 and it wasn't a move that occurred on such short notice. She also promised to give me a great reference. The major issue is that she's asking if I could vacate within 3 weeks and pay prorated rent for the month of August, but she'll offer $500 to assist with moving expenses. $500 doesn't really cover a lot, and I am also tasked with finding a suitable home in a few weeks. She also stated they would rush the return of my security deposit, as long as there is no major damage (there isn't) and no missing appliances (there isn't).

The lease provides 60-day notice in the event the landlord decides to sell the home or, for whatever reason, needs the tenant to vacate, but I am not looking for 60 days or any additional time outside of what she is providing (20 days). I just want to ensure I am not being foolish for accepting $500 and just moving out as soon as possible. Again, we have had a great relationship, so I would not want to make this any more difficult than it needs to be for my landlord, as I am sure she isn't looking to do to me. However, I also do not want to make a stupid split decision and didn't know if there is a typical or common incentive given to tenants when a landlord wants the tenant to move out on very short notice, a good 40 days shorter notice than what the lease provides. Or, does the offer, as it stands, sound like it's advantageous to us both?

Thank you for any insight you can provide! I appreciate your time!

Loading replies...