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According to NOLO, while you can sell your tenant-occupied property, almost all U.S. jurisdictions give tenants the right to remain on the property through the end of the lease. So how does that work? Simply put, the lease would transfer to the new owner and the new owner would become the tenant’s landlord. Yet how many home buyers actually want to become landlords rather then move into a new home? We put together some creative ways to find interested buyers for tenant-occupied rentals.
Before selling your property, we recommend consulting a lawyer to make sure you know your state laws and tenant rights. For more guidance, visit Landlordology’s post on tenants’ rights when selling an occupied property.