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Updated over 4 years ago on . Most recent reply

User Stats

52
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8
Votes
Aaron Kaplan
  • Camas, WA
8
Votes |
52
Posts

CA property Month to month lease: covid effects? (want to sell)

Aaron Kaplan
  • Camas, WA
Posted

Hello CA BP owners,

Im sure someone out in BP land (or many) know this but wanted opinion...

Wife and I have SFR in Davis, CA fully paid off and plan to roll that equity in 1031 into something else.

Current lease is MTM as of June,2020.

Does COVID moratorium change things w MTM leases? I would think that since lease ends technically at end of each month we can give them notice we plan to sell (our contract has 60d notice) and then we could be good to go...

But w COVID does that still apply ? 

Seems murky to me but I am not an attorney.

Anyone with knowledge in this realm I would love the help.

Thanks in advance

  • Aaron Kaplan
  • Loading replies...