TENANT IN A RENTAL – HOUSE FOR SALE

Under the new “Just Cause Eviction” state law, landlords can give a 90-day notice that a tenant must vacate if the owner wants to sell a single-family home.  According to this law, within 30 days of the tenant vacating the rental, the landlord must list the property for sale, “At a reasonable price with a realty agency or advertise it for sale at a reasonable price by listing it on the real estate multiple listing service.” 

What happens to the buyer if the seller does not give proper notice of his/her plan to sell?

Since the buyer of the rental house cannot cite an intention to sell as a reason for a notice to vacate, if the tenant does not vacate prior to closing, the buyer may be required to initiate a new legal action to remove the tenant.  After closing, the buyer could give a 90-day notice to vacate due to their intention to personally occupy the property.  Not much help if the moving van is due to arrive, is it?

We are here to help you and your clients with all aspects of the rental market. Please contact us for further assistance! 

Nothing found herein should be construed as an attempt to offer or render a legal opinion or otherwise engage in the practice of law. You should not rely solely on this information. We encourage our clients to work with a lawyer experienced in commercial and/or residential real estate matters as they can be complicated and confusing! Tell me about it!!!