Renting Sells House Without Brokerage
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FAQ
Hear this out loud PauseGenerally, the landlord owns the home and can sell the property any time he/she wants to. The counter right is that that the tenant will have the right to live in the property if there is a new owner ? for as long as the lease is active.
Hear this out loud PauseIt may not be absolutely necessary, however an experienced real estate agent who knows the ins and outs of rental transactions would certainly be a big help.
Hear this out loud PauseThe short answer is yes, you can sell a rental property with tenants in Georgia. However, it's important to note that there are specific laws and regulations in place to protect the rights of your tenants during the sale process.
Hear this out loud PauseAfter the Sale Under this Act, most tenants with a lease can stay in the home until their lease expires. However, if the new owner intends to move into the home, this will not apply. In those circumstances, the new owner must give the tenant at least 90 days' notice of their intent to terminate the lease.
The good news is, most standard lease agreements will include a lease termination due to sale clause ? usually different conditions for the tenant and the landlord ? and by default, this gives the landlord the ability to terminate the lease as long as they can give a notice to the tenant a set amount of time before ...