Do you own an investment property in Jacksonville that you’d like to sell? When other people are living in your house, the selling process can become a bit more complicated. In our latest post, learn more about how to sell your house with tenants in Jacksonville!
As a landlord, there may come a day when you want to sell your house. Even if you have tenants, it is still technically yours and selling the property might be an option for you should that desire arise at any point in time. To go about this process with minimal conflicts between yourself and those who are living on your property currently, here’s what needs to happen: firstly make sure that they’re aware of their rights as well as their options before proceeding – even though some renters will be able to stay during the sale period themselves choosing not too can also affect how much rent each tenant has been paying up until now (things like these often get overlooked). Secondly don’t let them know too far ahead or else they’ll start looking elsewhere. Below, we discuss common things that arise when you decide to sell your house with tenants in Jacksonville.
The Lease Situation
What does your lease situation look like? If you have a month to month lease, ending it shouldn’t be too difficult. You’ will need to provide a fair amount of notice to your tenant, typically 30-60 days. If you are in the midst of a fixed-term (longer than one year) lease without an early termination clause or exit penalty for breaking the contract before its expiration date then things are slightly different. In this case, if we want sell mid lease and our tenants cannot move out on their own accord with some sort incentive such as money or additional time at no charge past what is required by law they may not qualify under “early” terminations clauses which usually only apply when someone wants leave due unforeseen Remember, the tenant has rights too under the fair housing act, and if you violate those rights, you could find yourself penalized.
If You Have Difficult Tenants
Evictions can be an ugly process for landlords and tenants alike. If your tenant is refusing to vacate their rental property, a lengthy eviction may ensue where neither party will prevail in the end. Fortunately there are options such as selling with the tenants present that allow you as landlord to avoid these problems altogether while still getting what you want- cash upfront for your house! Selling directly gives buyers who take over leases of properties they purchase on contract one less hassle than dealing with evictions themselves should any arise after buying from them or taking over another person’s lease agreement. If the tenants are in violation of the lease, the buyer will go through the eviction process as necessary. Plus, a direct sale will help you avoid having to list, market, and show the property, things would likely cause even more tension between you and your difficult tenants.
There are many reasons why a direct sale is beneficial for people who need to sell their house with tenants in Jacksonville. Investors appreciate having tenants in place as it saves them time and money. But they don’t want to be stuck with a terrible tenant, so make sure your landlord has good credit by running a background check before you sign any paperwork!
One of the biggest benefits to owning investment property is that you don’t have to worry about screening tenants or going through a background check. It’s already been done for you, which can be both time-consuming and expensive! Even if there are difficult people living in your home who aren’t following the rules, an experienced investor knows how easy it is to get them out with just one phone call – they’re used these things before after all.
It can be difficult to sell a house with tenants in Jacksonville, but there are certain legal ways of doing it. Always make sure you give proper notice and are fair when the time comes for your tenancy to end.