This is a sample letter from a Landlord to a Tenant. This particular letter serves as Notice that the Tenant has one hundred and twenty (120) days to be out of the premises. The Landlord wishes to end their month-to-month rental agreement.
The 120-day notice to sell rule in California with tenants is an important regulation that landlords need to be aware of when planning to sell their rental property. Under this rule, landlords are required to provide tenants with a notice at least 120 days in advance before beginning the sales process. This notice serves as a formal announcement to tenants that the property will be sold, allowing them sufficient time to prepare for the changes that come with a change in ownership. It is important to note that this rule only applies to properties with tenants, ensuring that their rights and interests are protected during the sale. The 120-day notice to sell rule also serves to maintain stability in the rental market by preventing sudden terminations of tenancy due to a property sale. This rule acknowledges the significance of providing tenants with ample time to secure alternative housing arrangements. Different Types of 120 Day Notice to Sell Rule in California with Tenants: 1. 120-Day Notice to Sell with Intent to Terminate Tenancy: In this type of notice, the landlord provides tenants with a 120-day notification indicating their intent to sell the property while also terminating their tenancy. This allows the landlord to vacate the property completely to facilitate the sale. 2. 120-Day Notice to Sell with Intent to Retain Tenancy: In this scenario, the landlord provides a 120-day notice to sell the property but intends to keep the existing tenancy intact. The tenants are informed about the change of ownership and are required to continue paying rent as usual to the new owner. 3. 120-Day Notice to Sell with Intent to Offer Right of First Refusal: Some landlords may choose to provide a 120-day notice to sell with the intent of offering their tenants the right of first refusal. This means that tenants have the option to purchase the property before the landlord sells it to a third party. 4. 120-Day Notice to Sell with Intent to Enable Vacant Possession: This type of notice is issued when the landlord intends to sell the property while ensuring it is delivered to the buyer without any existing tenancy obligations. The tenants are given 120 days to move out, with the understanding that the property will be vacant upon sale. In conclusion, the 120-day notice to sell rule in California with tenants is a crucial aspect of landlord-tenant relationships. Landlords must comply with this regulation to provide tenants with sufficient time and opportunity to prepare for a property sale. Understanding the different types of notices associated with the rule can help both landlords and tenants navigate the process smoothly and protect their rights.
