Offer Sell Property With Tenant
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FAQ
Generally, 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.
After 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.
To sell a property, you will first need to prepare the auction for it. For this, you need to evict or transfer all the tenants, so the property is empty. You can pay $500 to conduct an inspection and possibly increase the opening price.
You must notify the tenant with a letter, either by mailing it (ensure that he or she has received it with a signature) or delivering it in person. In Florida, when terminating a month-to-month lease, you must notify the tenant not less than 15 days before the end of any monthly period.
The specific rights you have will depend on the details of your lease agreement. If you have a fixed-term lease (generally for 6 months or a year), the new owner will likely have to honor the remaining lease terms. The big exception is if your lease contains a ?lease termination due to sale? clause.