Selling a Philadelphia Rental With Tenants in Place

Many landlords assume they must empty the property before they can sell. Often that is not the case.

The lease usually stays in place

When a property with tenants is sold, the new owner generally takes over the existing lease. The tenant keeps their rights, and the rent keeps coming in until closing.

Be open with your tenants

Let tenants know the property is being sold and what to expect. Good communication prevents surprises and keeps things calm.

Why investors buy occupied rentals

Some buyers want an income-producing property as is. We can buy a rental with tenants in place, with no need to coordinate showings or ask tenants to leave.

Get your paperwork together

Have the leases, the rent roll and any security deposit records ready. This helps the sale move faster.

Questions?

Call Jake at (267) 225-2981 or email [email protected]. This is general information, not legal advice.