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What if you want to sell your rental property can i move the tenants out?
Wiki User
∙ 15y ago
No lease? You would tell your tenants that you plan to sell. You would give them 30 or 60 days to move. You can't sell the house next Wednesday and expect them to be out by Friday. The tenants have legal rights to have a fair amonut of time to move.
Wiki User
∙ 15y ago
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Can a co owner sell his share with the consent of other?
Yes, as long as the property is not held as tenants by the entirety: a tenancy reserved for married couples.Yes, as long as the property is not held as tenants by the entirety: a tenancy reserved for married couples.Yes, as long as the property is not held as tenants by the entirety: a tenancy reserved for married couples.Yes, as long as the property is not held as tenants by the entirety: a tenancy reserved for married couples.
Do both joint tenants have to be informed and agree for one to sell?
No. One joint tenant is free to sell their own interestin the property without permission from their counterpart. If they do the new half owner and the co-owner will become tenants in common.No. One joint tenant is free to sell their own interest in the property without permission from their counterpart. If they do the new half owner and the co-owner will become tenants in common.No. One joint tenant is free to sell their own interest in the property without permission from their counterpart. If they do the new half owner and the co-owner will become tenants in common.No. One joint tenant is free to sell their own interest in the property without permission from their counterpart. If they do the new half owner and the co-owner will become tenants in common.
What are the steps to sell a house that my sister lived in for 31 years but passed away and now her kids don't want me to sell it?
You haven't mentioned who owns the house. If the house belonged to your sister then her children own it. If the house belongs to you then you need to check your state and local laws for giving notice to tenants that they must vacate the premises. Then you can sell the property after the tenants have been given the required time to move out.
Do you have to honor a lease for tenants in a house you are buying in Louisiana?
The sale of a house does not terminate a rental agreement, but the rental agreement is with the former owner and not with the new owner, unless otherwise agreed in the sale. The former owner of the house is liable to the tenants for damages, unless otherwise stipulated in the rental agreement. You will have to evict the tenants to get them out, and they can sue the former owner. I don't think anyone would sell a house without some sort of transfer or termination of the lease. I am not a lawyer.
If your landlord owns the rental property that you live in and and wants to sell it what are your rights?
If the landlord wants to sell the rental property, the tenant has different rights depending on what state the property is in. Usually, a landlord has to give 60 days notice for an intent to sell. Then, it is up to the landlord whether or not the property can be occupied by the tenant until the sale date. If there is a lease, the landlord usually cannot sell the property until the lease is up, but all states have different rules regarding occupancy.
Mother and son tenants in common mother does not live in house or pay for expenses now she says the house is hers?
If mother and son are indeed tenants in common then each has the right to the use and possession of the whole property. Son cannot mortgage or sell the property without the consent of mother. Mother cannot mortgage or sell the property without consent of son. Both are equal owners.
Can the owner sell a property even though it is currently leased?
In the USA, most building owners are allowed to sell their properties, even if they are currently leased. Exceptions may include those who bought the properties through the local or Federal government, and/or have other legal (not necessarily financial) obligations with the local or Federal government to keep the property, at least, until all tenants have vacated, either by legitimate eviction (wanting to sell the property is not a legitimate cause for cancelling the terms of the lease/rental contract) or by voluntary departure of the tenant. When the property is sold, both the new landlord and the existing tenants are usually bound by the currently existing lease/rental contract, but the new owner is free to change the terms of the contract upon its renewal, or even ask the tenants to leave when their lease comes due for renewal; in such cases, the owner is obliged to give "fair notice" to the tenants (n.b., "fair notice" varies between locales; some require as little as 30 days from the time the lease is due for renewal; some as much as a year, as is the case with some apartment properties that "go condo(minium)").
When someone dies and the rental is abandoned what do you do with the personal property?
There are specific laws in each state about abandoned property. After a certain period of time you can sell the property and put the money into escrow for the estate.
How do you title property if not married?
If you want the property to pass to the co-owner automatically if one owner dies then you should take title as joint tenants with the right of survivorship.a) Joint Tenants, with rights of survivorship (the title automatically passes to the survivor if one dies per above). Joint tenants do have a right of survivorship, but a joint tenant may sell or give away her interest in the property. If a joint tenant sells her interest in a joint tenancy, the tenancy becomes a tenancy in common, and no tenant has a right of survivorshipb) Tenants in Common: All tenants in common hold an individual, undivided ownership interest in the property. This means that each party has the right to alienate, or transfer the ownership of, his/her ownership interest. Tenants in common do not have a right of survivorship. In a tenancy in common, persons may sell or give away their ownership interest.
Can I sell 2 rental properties and do a 1031 exchange on a single property if it meets requirement?
You certainly may. You can exchange any number of properties for any other number of properties. Be wary of the identification rules. yes,you Can sell 2 rental properties and do a 1031 exchange on a single property it meets requirement.
What is Partition in property law?
If an owner of co-owned property wants to sell and the other(s) do not, a Petition For Partition can be filed in a court of equity. If the property cannot be divided then the court will appoint a commissioner who will sell the property. The proceeds less all the legal costs will be equally divided among the owners. Property held as tenants by the entirety cannot be partitioned.
Have private tenants the right to buy in northeast?
Way too much information not included for an actual answer. If a landlord wishes to sell, and a tenant wishes to buy, no reason why not. But the owner of a property is not REQUIRED to sell it just because someone wants to buy it.
