Loans

*Quote takes 1 minute, no credit pull

Insurance

*1 quote from 40+ carriers

Listings

*New listings daily

What happens to tenants when a rental property is sold?


Wondering what happens to tenants when a rental property is sold? When a rental property is sold, the buyer assumes the lease from the previous owner (seller) and is required to honor the terms of the lease.


When the lease agreement expires, what happens to the tenant depends on the condition of the property, performance of the tenant and the objective of the buyer.