Selling Duplex With Month to Month Tenants

[Bryan Eltzroth]

Hi everyone! I am currently entertaining the idea of selling my duplex here in Cincinnati but both of the tenants are M2M. They both just converted and needed the flexibility which was no problem for me.

However, I don’t know how to inform them of the situation and I certainly don’t want them to get a 30 day notice from a new owner as they are great long term tenants who I really respect.

Should I sign them to short term leases to protect them or should I just give them as long a runway as possible?

Thanks all!

[Erickson Sainval]

If you know you are going to sell, do them the courtesy so they can prepare just in case. I would then go to the buyer and see if they prefer to have them short term or not. If they would like the cushion of a short lease, I would then present to the tenants to see if they are interested.