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Updated about 4 years ago on . Most recent reply

User Stats

15
Posts
11
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Sam K.
  • Investor
  • San Diego
11
Votes |
15
Posts

Buying a 2-unit both tenant occupied, need one for me.

Sam K.
  • Investor
  • San Diego
Posted

Hello BP Community,

I'm about to become a first time home owner in San Diego City. It is a 2-unit property, both are tenant occupied. I want to occupy one of them as my primary residence. 

Facts:

  1. The unit that I want to occupy has the same tenants for past ~3 years
  2. They are current on all rent, no security deposit
  3. Lease is month-to-month
  4. Given where I'm in the process of buying the property, I'd doubt I can ask the seller to have the unit vacated

My research:

  1. Given they have been here for more than 2 years, I need to give them at-least 60-day notice
  2. My "just cause" is that the owner wants to reside in the unit. It will be my primary residence

Concerns:

  1. How should I approach this? On closing the property, should I just have an open discussion with the tenant and give them a 60-day notice? I do not mind if they leave sooner.
  2. Will an eviction ban due to Covid-19 cause concerns? They are current on rent so my assumption is that they do not have a financial hit due to covid. From my reading, the eviction ban is only in the case the tenant is facing a financial hardship, and my just cause is valid.
  3. Since this has been their home for few years, I can provide some assistance to them to aid the move. Is this the norm or the ethical thing to do?

Feel free to link up other posts if they answer similar issues. Thank you!!

      Most Popular Reply

      User Stats

      1,398
      Posts
      1,218
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      Twana Rasoul
      #1 Starting Out Contributor
      • Real Estate Agent
      • San Diego, CA
      1,218
      Votes |
      1,398
      Posts
      Twana Rasoul
      #1 Starting Out Contributor
      • Real Estate Agent
      • San Diego, CA
      Replied

      @Sameep K. Not a big deal, most multifamily are occupied, you simply give 60 day notice once you close, as long as they are on month to month. sometimes we are able to get the seller to give notice during escrow.

      I wouldn’t worry about it. Good luck and congrats on your purchase!

      • Twana Rasoul
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      Compass
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