Hey, there friends. This is Marilyn Boudreaux with Century 21 Bono Realty. Today I want to talk about the topic of selling a home when you have it leased. That means maybe you have gone through the listing process and you have executed a lease because you weren’t able to sell it but you did have people that were interested in renting it for a certain term. So you executed a lease and that is perfectly fine and very popular and does come up. So what happens if now you’re approached by someone who wants to purchase the house and you have the lease in place, can you still sell your property? Yes, you can. Ownership changes all of the time.
You just have to give notice to the tenant saying, “We are selling our property and the ownership is going to be transferring and the lease will be honored. It’s just going to be your payments are going to a different management company or a different owner now.” So that is an option and that can be coordinated and it does occur in our market. And that is a tip today about how a lease would be handled if you are approached by someone who wants to still purchase your property, you can do that even though you have the property occupied by tenants. So if you have questions or comments, please feel free to reach out to me at (337) 499-9592. Thanks, everyone. Have a great day.