Are you a homeowner in Florida having trouble selling a home with tenants living in it? Selling a home with tenants in Florida can seem tricky, but we’re here to guide you through it. Whether you have a lease agreement or are considering we buy houses options, we’ve got you covered!
Understanding Florida Lease Laws
When you’re thinking about selling a home with tenants, it’s crucial to know your rights and theirs under Florida law. If you have a month-to-month lease, giving your tenants 30-60 days notice is usually enough. But with a fixed-term lease, things get a bit different. You might need to wait for the lease to end, or negotiate a buyout if you want to sell sooner
As a landlord, there may come a day when you wish to sell your house. Even if you have tenants, it is your property and you may sell it if you wish. In some cases, you’ll be able to let your tenants know, and it won’t be an issue. However, you also don’t want to risk losing your tenants and being stuck with a vacant house while your house is on the market. That said, the tenants have rights, and you want to make sure you aren’t violating them. Below, we discuss common things that arise when you decide if selling a home with tenants in Florida is the right move for you.
Can A Landlord Break A Lease?
If you’re in the middle of a fixed-term lease, breaking it isn’t simple. You could offer your tenant an incentive to move out early or sell to an investor who’s willing to take over the lease terms. Remember, tenants have rights under the Fair Housing Act, so you must tread carefully to avoid legal issues.
How To Deal With Landlord Tenant Issues
If your tenant has violated their lease, you should be able to evict them without an issue. But this process can be long and stressful. That said, if your tenant is refusing to leave, the eviction process can become long and arduous. Most landlords try to avoid dealing with evictions at all costs. By selling your house with tenants by owner, you’ll be able to avoid the eviction process yourself and be able to move on from the property with cash in hand. Many direct buyers will simply take over the lease and business will go on as usual. If the tenants are in violation of the lease, the buyer will go through the eviction process as necessary. Plus, a direct sale will help you avoid having to list, market, and show the property, things would likely cause even more tension between you and your difficult tenants. Selling directly to a buyer who will handle the tenant situation can save you from this headache.
Selling Directly To An Investor
There are many reasons why a direct sale is beneficial for people who need to sell their house with tenants in Florida. Investors are happy to take over a property that already has a tenant in place, especially when they are in good standing.
Selling your property directly, especially when it comes to we buy houses companies, bypasses the traditional listing process. This means no open houses, no staging, and no waiting for the right buyer. It saves them time and money advertising, marketing, and showing the property.
Investors are ready to deal with tenants, whether they’re good or need to be evicted. This can make selling your home with tenants in Florida much smoother. They won’t have to bother screening tenants or running the background checks because those things have already been done. Most the time the seller is able to provide what is called a tenant estoppel. A tenant estoppel is a certificate signed by the tenant of a rental property confirming the current terms of a lease.
Why Investors Love Tenant-Occupied Homes
Investors appreciate a home that’s already generating income. They won’t need to spend time and money finding new tenants or dealing with the vacancy period. Even if you have a challenging tenant, an investor with experience in eviction can handle it, making your life easier.
Steps to Ensure a Smooth Sale
Consider All Options: Whether selling to an investor or waiting out the lease, choose what works best for your situation.
Even if there is a difficult tenant living in the home, an experienced investor won’t have trouble pursuing the eviction process if the tenant is in violation. They have likely had to do it before, and won’t be bothered by the process.
Communicate Early: Let your tenants know your intentions to sell as soon as possible.
Respect Tenant Rights: Provide proper notice and respect their rights under Florida law.
If you want to sell a house with tenants in Florida there are certain ways to go about doing it. Always make sure you are being fair to your tenants, and giving the proper amount of notice. Remember, dealing with tenants respectfully not only keeps things legal but also keeps your karma good! If this all sounds like to much and you rather not deal with any more tenant issue we’d love to make you an offer (786) 400-2628!