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Selling a tenant occupied property in california?
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Selling a tenant occupied property in california?
It also usually requires the holder of the Right to buy on the. Among these options, selling to an investor is the most hassle-free because you won't have to ask the tenants to move out. Options include selling to tenants, home buyers, or investors. ) Single-family, owner-occupied properties. Pursuant to California Civil Code 1954 , the notice must be given in writing, at least 120 days in advance. In California, landlords in rent-controlled cities cannot terminate a tenancy without probable cause. I have found if it is sold to someone that accepts section 8 the process is easy. The landlord also was seen on the deck 2 days in a row pressure washing and staining the deck, moving tenant furniture and belongings and clean laundry, again without notification to the tenant. Most residential tenants in San Francisco have eviction protections. While some renters are naturally tidy, others may leave the. When he's not hanging with his three children, he's. Historically, the relationship between landlords and tenants can be a contentious one. When selling a rental property in California with tenants, it is important to understand the tax implications. Regardless of how you sell your investment property. Explore insightful articles on property management, inspection tips, and industry trends. Manage tenant rights and handle empty properties. Realtors have a form we can use (see AREA's webforms), but just a simple written agreement will do in most cases. As a tenant, knowing your rights is critical. You must follow both the state, county, and city regulations for purchasing tenant occupied properties. Depending on the terms of your lease you will have to deal with the need. When a unit is sold that is occupied by a renter in California, the renter still has many tenant rights that must be honored and respected. Tenants in common (TIC) describes an ownership status that app. Mar 20, 2024 · 1) It is possible to legally sell your property with tenants in California. This notice is a key legal requirement in this process. The renter is obligated to stay in the property until the lease ends unless the lease agreement states otherwise. A seller-finance agreement. The term “owner-occupied” is commonly associated with real estate investors who live in a property and rent out separate spaces to tenants. You can only be evicted by a court order. I will also offer tips for maintaining good tenant relations, explore the pros and cons, and discuss potential buyer types and lease considerations. ( Civil Code Section 1102 ). The good news is, selling a tenant-occupied home is fairly common. This can also include "no fault" evictions where a landlord wishes to move. Selling a tenant-occupied property presents some challenges but having a successful can be possible. Additionally, federal laws require landlords to provide tenants with a tenant. The right to cancel the lease or evict could be due to state or local law, or the Lease Agreement. Jun 11, 2024 · If you need assistance navigating the legalities of a landlord selling a house and tenants’ rights in California, HomeLight always encourages you to reach out to your own advisor. It serves as a formal declaration of your intent to sell the property. However, despite the answers to these questions, landlords should always review the language of the governing. In the fast-paced world of real estate, property management can be a daunting task. Depending on its state, you can choose among three primary methods to sell a rental property Real Estate Agents. This is not the time to take out your frustration on your tenants. # 1 Wait for the Lease to End - If waiting is an option, consider holding off on the sale until the lease is up. More than 1 year, 60 day notice. When selling a rental property with tenants, the tenants will either need to agree to move-out early on their own terms or you will need to sell to an owner that is willing to take over the active lease. Do you own a tenant-occupied property in Idaho that you would like to sell? Here's the good news…you don't have to wait until everyone has moved out in order to sell the house. (3) After the tenant has abandoned or surrendered the unit. Nov 25, 2023 · In North Carolina, you can legally sell a rental property even if it is occupied by tenants. When that time comes, you'll likely want to sell and get cash for your San Antonio house Even if you have tenants, it is your property and you may sell it if and when you want. Deciding to sell your rental property requires careful consideration, especially when tenants occupy it. Anything less than this could be a violation of the tenant's rights and lead to legal consequences. This is a viable option if the tenants have a lease that has not yet expired. Dec 4, 2012 · Reasonable Notice. Before beginning the process, it is important to know your rights and… There are advantages to selling a property while it's tenanted. Jul 1, 2022 · A Notice of Intent to Sell Rental Property is a formal document sent by a landlord to the tenant when a rental property is being sold. Typically, this means that you, as a landlord, cannot enter their apartment without giving sufficient notice, usually 24 hours' notice. Selling rental property in California involves understanding taxes like capital gains and depreciation recapture. Let's review the pros and cons of buying a property that's already occupied by tenants. In fact, the legislation in most states ensures that tenants have the right to stay in the rental property until their lease or rental agreement comes to an end after the property has been sold. Joining a Tenant Action Group -There are. to succeed, a property owner must provide the tenant with the correct legal notice. Jul 5, 2024 · Yes, you can sell a rental property with tenants living in it. For example, in California, a landlord must provide a tenant with at least 60 days' notice before selling the property. Before selling your property on the public real estate market you must first serve up a notice to your tenants as required by the state of california. The Right is part of the consideration for the tenant's covenants under the lease. This can be a win-win situation for both parties, provided the tenant is interested and has the financial means to close the deal. However, in declining housing markets the sale of an investment property might result in a loss. Tenants' names, photos, and family photos were all captured in these photos. After resolving tax issues and when your rental property is empty or you've reached a positive agreement with your tenant, selling it is akin to selling a regular house. While there are no specific requirements of a letter of intent to sell property, such letters typically outline key elements of the transaction such as property descriptions, price. If you're planning to start construction on your rental property, it's important to know your and your tenants' rights before you finalize plans. You can legally sell a rental property even if it is occupied by tenants in California. Marketing costs can also quickly add up, and. A big part of being a landlord is maintaining a safe and habitable property for your tenants. The Pros and Cons of Selling a Tenant-Occupied Property You'll want to consider the following factors when evaluating whether selling with a tenant in place is a good idea. A big part of being a landlord is maintaining a safe and habitable property for your tenants. CHANGES TO RULES FOR TRUSTEE. However, you can still find a buyer who will purchase your home as-is, like Quick Home Offers. Selling a tenant-occupied property on the open market can be challenging. Roofstock is a popular online listing platform for Atlanta property owners who want to sell a rental home. Steady Rental Income Posted on Apr 22, 2009. As a landlord in Texas, you've got rights that can't be taken away, which is excellent news. Serving this notice cannot be a condition of the sale. Are you looking to sell your property in Moray? Selling a property can be a complex and challenging process, but with the right tips and strategies, you can ensure a successful sal. attention: evictions can be complicated. Review the Lease Agreement. One of the rights that your tenants have is to stay in the property until the end of their lease. The notice must include the date, time of appointment, and the reason for the entry. We adhere to all tenant rights and make the landlord tenant interactions seamless for your current tenants. California law requires sellers to disclose, in writing, details about the property they are selling, including details about an existing tenant. Whether the tenant will continue living in the property after the sale or not, there are steps you can take to facilitate a smoother sale and maintain a positive relationship. Let's take a closer look at tenants' rights and how you can respect them during a sale If you wish to show the house while occupied, you must: Communicate all dates and times with the tenant; Get consent at least 24 hours in advance; Have all communication in writing; Option 2: Sell to Your Current Tenant. Do your best to protect their privacy and let them know that you're doing it. Tenants have right to quiet enjoyment of the unit. trago mills sale 2022 Property owners can be hard to find, but with the right lookup solutions, you can quickly and easily locate them. The process is very tricky, but it can have many benefits, like creating a source of rental income a best-selling author, legal CLE speaker, and real estate investor. In contrast, others may require the landlord to give the tenants notice or even the opportunity to. When an Owner/Landlord decides to sell their Section 8 unit they have certain responsibilities that must be met in order for SMHA to make the necessary changes that will result from the sale. Among these options, selling to an investor is the most hassle-free because you won't have to ask the tenants to move out. Popular for decades in San Francisco, the Los Angeles Times recently reported that the trend has headed to LA where. While some renters are naturally tidy, others may leave the. Finding reliable tenants to rent your property can be a challenging task for any landlord or property manager. Outline your timeline and explain the process so they know their options. Unlike joint tenants, tenants in common can own equal or unequal interests in the real property they own in common, and they may acquire their interests from different sources and at different times. May 7, 2024 · Sell My Tenant Occupied Home. This notice of intent to sell should cover when the property will be sold, what will happen if the property sells before the tenancy period is up, and any other information that is pertinent to the tenant Landlord access to tenant-occupied property can be a touchy subject, especially for tenants. You or your agent must give the tenant at least 24 hours' advance notice, and you do not have to give this notice in writing. But in all other areas, if the tenants stay in the property after the lease term has expired, the landlord may pursue an eviction process. 4. Lodger Rights: Comprehension and respect tenant rights during that sales process. Here are the main complexities you may face when selling your California property from wherever else you are: Physical Distance Osborne Homes specializes in purchasing tenant-occupied properties, offering flexibility in either retaining tenants or handling evictions. That is, Tenant A can sue Agent C for $5,000, and separately sue Buyer D for $5,000, while Tenant B can sue Agent C for $5,000 and Buyer D for $5,000 [total is $20,000]. A landlord who engages in an illegal eviction, such as a self-help or retaliatory eviction, can face significant penalties under California law. Are you a property owner looking to sell your house? If you currently have tenants living in the property, you might be wondering how to navigate the process of selling a tenant occupied property. The first step in selling a rental property with. good tinder bios reddit It's simple to market your house while a tenant is living there, and you can save time and money by allowing the tenant to stay until the end of the lease: Keep collecting your rental income until the day. The current lease can be terminated on the following grounds: The split is not exactly 50/50 - when selling property together, the life tenant gets a share based on their age and life expectancy, getting more the younger they are, and getting less the older they are Founded in 1975 by L. 6M as vacant and renovated TIC interests. Having an outdated lease or a negative relationship with your tenant. An idea for paying for your kids college: buy up rental properties and have your tenants build up the equity for you to then cash out of and use when time! Money | Minimalism | Moh. To sell and investment property efficiently and directly, get to know what's happening in the asset and the location. Investors won’t mind at all that the property has a … Wondering how to sell your tenant occupied home in California? Read today and discover the best sales methods for tenant occupied homes. Lukovsky (Second Appellate District. You want to keep the tenants comfortable and want to sell the property quickly, so be sure to communicate with the tenants regularly and clearly. Tenants are expected to pay the full rent each month the property is occupied When a tenant dies, the executor of his estate must notify all his creditors, including his landlord. Making the decision to sell your home can be extremely thrilling and challenging all at the same time. There are various specifics that property owners and developers need to know in order to successfully navigate the regulations around accessory dwelling units. Show the Property — With Permission. In the context of real estate investing. State laws will dictate how much advance notice you will need to give renters before you can enter the property for a showing, inspection, staging, taking pictures, maintenance, or repairs. That means if the property sells while occupied, the tenant has the right to live there until the standing lease expires. If you are planning to sell or rent your house, it is essential to be aware of the role of an Energy Performance Certificate (EPC) in the process. The first step in selling a rental property with. pregnant bride Nov 29, 2021 · As the new owner, you inherit the landlord's obligations. Under California law, if a landlord intends to sell a tenant-occupied property, there are specific rules regarding the notice period that must be provided to the tenant: Month-to-Month Tenancy: If you are on a month-to-month lease or your lease has expired, and you have not signed a new lease, the landlord generally must provide you with a 60-day written notice to terminate the tenancy. May 7, 2024 · Sell My Tenant Occupied Home. Cash Offer Please understands this challenge and provides an array of services to help make the process easier for both landlords and tenants alike. They must give at least 24 hours' advance notice before entering an occupied unit. Mar 16, 2024 · The straightforward answer is yes, you can indeed sell a property even when it is occupied by a tenant. Attorney's fees and court costs. Occupied properties offer the advantage of continuous income as tenants cover expenses during the. These disclosure obligations apply to nearly all California home owners selling their property, whether it's a standalone home, a high-rise condo unit, or a manufactured or mobile home Selling Rental Property with a Tenant California. You, as the property owner, serve as the lender, instead of a bank. Still, you have a couple of options for selling a rental property or house when you're tired of being a landlord. Whether you’re a real estate investor, a landlord, or a tenant, ha. Check out our destination homepage for all discounts, tips, and planning guides for Disneyland in California! Read now Take advantage of exclusive Mick. Protect your property with our ultimate guide. However, with the right marketing strategies in place, you can attrac. The landlord also must accompany the guests. I am selling property in San Luis Obispo County 102019. A big part of being a landlord is maintaining a safe and habitable property for your tenants. This is applicable in certain states, like Washington DC, where a landlord has to send a letter of intent to sell.
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Specific Assembly Bills Impacting ADU Laws In 2024. Quick Closing: Investors can close on your property quickly, which means you can sell your. However, it does require work, time, and effort from your end Whether the lease is 12 months or month-to-month, you can sell a tenant-occupied home in San. The lease agreement transfers from the seller to the new owner if the property is tenant-occupied. However, depending on which state you're in, there may be specific laws that you must follow. Popular for decades in San Francisco, the Los Angeles Times recently reported that the trend has headed to LA where. Hughes points out that for some investors, an occupied property is preferable to an empty one. Landlords cannot use a lock box without permission from the tenant. Investors won’t mind at all that the property has a … Wondering how to sell your tenant occupied home in California? Read today and discover the best sales methods for tenant occupied homes. Selling a property with tenants in situ can be appealing for a number of reasons. More than 1 year, 60 day notice. Here's our Roofstock review. It also usually requires the holder of the Right to buy on the. Oct 12, 2023 · Under California law, if a landlord intends to sell a tenant-occupied property, there are specific rules regarding the notice period that must be provided to the tenant: Month-to-Month Tenancy: If you are on a month-to-month lease or your lease has expired, and you have not signed a new lease, the landlord generally must provide you with a 60-day written notice to terminate the tenancy. When it comes to selling a house or rental property with tenants still living there, it can be a complicated legal matter. While this has been a boon to owners of real estate, it has made entry into the real estate market by first time buyers particularly difficult. The security deposit and lease terms will be transferred over to the new owner, and ideally, the tenant would agree to this transfer. The renter is obligated to stay in the property until the lease ends unless the lease agreement states otherwise. The homeowner can legally sell the property, for example, in February, but the tenant will have the right to stay in the home through June. An appraiser plays a vital role in deter. Understand your tenants' rights The letter to notify a tenant of the sale of the property should be short and concise and include information such as: Identifying information including the date, owner name, tenant name, and. I'm a section 8 renter. That means if the property sells while occupied, the tenant has the right to live there until the standing lease expires. Selling an occupied investment property is similar to any other real estate sale with a few additional steps to be aware of. ppe definition If you've rented your property on a fixed-term basis, it'll take a little more effort - or money - to ensure your tenant moves on. With the advent of online platforms like Rentcafe, tenants now h. One of the disadvantages of a VA home loan or FHA loan is that the property must be occupied by the buyer, so if a. Right of first refusal to buy the property (situation- and location-dependent) FAQs. Microsoft Word - Selling a Section 8 property SELLING & PURCHASING SECTION 8 UNITS. Depending on the lease agreement and local regulations. In that case, the property owner must give at least 60 days’ notice in writing before termination of the lease if they intend to sell the property, and the tenant will not be offered a new lease. From leasing and maintenance to financial management and tenant relations, property manager. That is, Tenant A can sue Agent C for $5,000, and separately sue Buyer D for $5,000, while Tenant B can sue Agent C for $5,000 and Buyer D for $5,000 [total is $20,000]. Eventually, there will come a day when you want or need to sell your property because of any number of reasons. An accessory dwelling unit (ADU) is a dwelling unit. State laws will dictate how much advance notice you will need to give renters before you can enter the property for a showing, inspection, staging, taking pictures, maintenance, or repairs. Use a good tenant as a selling point. In fact, many real estate transactions these days involve rental houses that are sold with tenants still living in them. As the demand for housing in San Francisco continues to rise, TICs have become an increasingly prevalent option for buyers looking to enter our competitive SF Bay Area real estate market. It is illegal for a landlord to lock you out, shut of remove your things to force you out. From tenant screening to lease management, maintenance requests to financial reporting, there are numerous resp. Oct 19, 2023 · Here is the step-by-step process you need to follow while selling a tenant-occupied property Provide the tenant with a notice. us healthvest Right to a well-maintained property. There are a few positives to selling a house with tenants: Buyers may be more interested in buying an already rented home since they don't have to find new tenants. Contact Tenants Together at 415-495-8100 to learn more. Firstly, it can take several months for the sale of the property to complete particularly if you have to serve Notice to Quit and wait for your tenants to leave, or you may be selling a property occupied by protected tenants where vacant possession will be difficult to obtain, and by selling with the tenants in. When selling a property in Trust or Probate in San Francisco, the properties often come with tenants and sometimes protected tenants. One of the biggest challenges of selling a rental property with tenants in California is finding a buyer who is willing to take on the occupied property. TIC ownership offers many advantages, but also comes with some. The high bidder officially becomes the new owner at that point, as shown on the foreclosed property's title. Whether your selling a house with tenants in Miami, Tampa. Transparency is key when selling a tenant-occupied property. Wait until the fixed-term lease has expired; Sell the property with the lease still active; Negotiate and pay the tenant to vacate; Sell the property to the tenant A tenant's current lease agreement is binding upon the new landlord when a commercial property is sold with tenants in situ. Real estate agent commissions can add up when considering the cost of real estate in San Diego, California. Contact Tenants Together at 415-495-8100 to learn more. When selling a property in Trust or Probate in San Francisco, the properties often come with tenants and sometimes protected tenants. After the sale, the landlord must transfer the security deposit to the new. Feb 7, 2024 · Deciding to sell your rental liegenschaften requires careful consideration, especially as tenants occupy it. robert half staffing New Jersey's Landlord-Tenant Laws: Before you embark on the sale of a tenant-occupied property, it's crucial to grasp the intricacies of New Jersey's landlord-tenant laws. - After 18 days of notice without response, landlords can sell or dispose of items. Can You Sell a California House with Tenants? YES! ️ FREE Cash Offer on Your California Property As-Is. Hughes points out that for some investors, an occupied property is preferable to an empty one. Sellers may point out highlights to other investor-buyers such as the property net operating income (NOI) or how many years the same tenant has been renting. 2. Strong demand coupled … California law allows the landlord to provide a written notice that the property is for sale – and for 120 days thereafter the landlord may schedule entry to the … California tenants enjoy a myriad of rights, including when a landlord is looking to sell the property. The term "owner-occupied" is commonly associated with real estate investors who live in a property and rent out separate spaces to tenants. Some examples of exempted When a landlord sells a rental property in Florida, they must provide proper notice to tenants. Options for Selling a Property with Tenants Whether you're purchasing or selling a tenant-occupied property, there are a handful of guidelines and procedures that you'll need to understand prior to your closing date California - License Number 41DBO-170875; Licensed by the Department of Financial Protection and Innovation under the California Residential Mortgage Lending Act. Letting a tenant-occupied property know you are putting the house on the market entails giving your tenants the proper notifications to vacate, usually spelled out in your lease. If you think you may fit one of these situations, talk to a lawyer or a legal aid office. And it's time to get a property off your books. 1946 (a) Notwithstanding any other law, after a tenant has continuously and lawfully occupied a residential real property for 12 months, the owner of the residential real property shall not terminate the tenancy without just cause, which shall be stated in the written notice to terminate tenancy. Do your best to protect their privacy and let them know that you're doing it. Show the Property — With Permission. In fact, most states' laws give tenants the right to remain in a rental property after a … Are you a landlord looking to sell a rental property? We look at the best options, the laws, commission rates and how to ensure a quick sale.
State and local laws govern the rights of tenants without leases, so. To successfully sell a rental property with tenants in California, it's important to overcome the challenges associated with selling occupied properties. The 120-day notice relates to the right of entry to show the property — it is not prerequisite to selling the property. You can legally sell a rental property even if it is occupied by tenants in New York. In contrast, others may require the landlord to give the tenants notice or even the opportunity to. DO be up front with the buyercom. pokejapan Here are some tips to help you navigate the process: 1. The seller and buyer of a multi-unit building covered under the San Francisco Rent Ordinance must disclose to tenants (in writing) that they cannot be evicted, have their rent increased, or have the terms of their tenancy changed just because the building is being sold or has sold. Importantly, study the local laws. A home in good condition that doesn't require immediate renovations or repairs. Rent payments are made in accordance with the amount set forth in your lease agreement. ada wong rule34 Do you own a tenant-occupied property in Idaho that you would like to sell? Here's the good news…you don't have to wait until everyone has moved out in order to sell the house. Most single family residences in the city of Los Angeles are not under rent control, so it looks like the landlord has given you proper notice. Right to occupy after a foreclosure. When he's not hanging with his three children, he's. Under California law, residential tenants are protected from certain rent increases and may be protected from certain types of evictions. In certain California real estate sale transactions, buyers must withhold 3 1/3% of the total sales prices as state income tax and deliver the sums withheld to the State Franchise Tax Board. " For an Ellis eviction, the landlord must remove all of the units in the building from the rental market, i, the landlord must evict all the tenants and can not. Selling the property might give either the seller or the buyer a special legal right to cancel a tenant's lease or evict. holy blocker We support sellers every step of the way. Manage tenant rights and handle empty properties. The local housing market has changed 5. To be considered owner-occupied, you must move into the home within 90 days of the closing. The landlord must give a written notice of at least 30 days before the sale is complete. Yes, the landlord is allowed to inspect the premises in California, on advance written notice or if you consent, so she clearly has the right to see your possessions, and I think she has a right to document the condition of the unit, which would necessarily include getting your possessions in the photos/video. Right to occupy after a foreclosure. Whether you own a single-family home, an apart.
If you own an occupied rental property in California, perhaps you’re ready to sell it — and hope to make a juicy profit on your investment. Add in any possible "financial incentives" that you may have to offer the tenants for their cooperation. Pay your tenant to leave: If you are under a time constraint and need to sell your property as quickly as possible, it might be necessary to pay your tenant to vacate. Find out your state's rules. When selling a rental property with tenants, the tenants will either need to agree to move-out early on their own terms or you will need to sell to an owner that is willing to take over the active lease. In California, these taxes are typically based on the sale price of. Depending on the terms of your lease you will have to deal with the need. In fact, the legislation in most states ensures that … How to Sell a Tenant-occupied Property. Tenants' names, photos, and family photos were all captured in these photos. We can help you sell your home with a tenant in Massachusetts or Connecticut! Get in touch with us today to learn more about how we can help you! 413-455-0008. Maximizing Your Profits When Selling A Tenant-occupied Property Navigating The Seller's Guide To A Tenant-occupied Property; Selling a tenant-occupied property can be a complex process, but understanding the laws and regulations involved will help you maximize your profits. The notice must state that the tenancy will terminate upon the expiration of the 120-day period. This can also include "no fault" evictions where a landlord wishes to move. Selling your rental property can be. May 7, 2024 · Sell My Tenant Occupied Home. 10 CALIFORNIA REAL ESTATE • JUNE/JULY 2015 LEGAL | By Robert Bloom, Esq. For more information, please see our privacy policy page. Right to occupy the property after it changes hands. As used in this chapter: (a) "Landlord" means any operator, keeper, lessor, or sublessor of any furnished or unfurnished premises for hire, or his or her agent or. Buyers stay away from tenant-occupied homes for many reasons. "Tenant-occupied" means that an existing lease is still in effect and attached to the property rather than the owner. They must give at least 24 hours’ advance notice before entering an occupied unit. pointclickcare cna login app While Maryland state law offers some protection to property owners facin. In contrast, others may require the landlord to give the tenants notice or even the opportunity to. Maintaining a safe and habitable property for your tenants. " Steps in Selling a Rental Property. In California, the notice to pay rent or quit is served in this instance. The term "owner-occupied" is commonly associated with real estate investors who live in a property and rent out separate spaces to tenants. Selling your rental property can be. Property owners in California have the ability to offer property for rent to tenants. To be considered owner-occupied, you must move into the home within 90 days of the closing. When it comes to selling a property that has tenants, owners have several options, each with its own advantages and challenges. In California, the notice to pay rent or quit is served in this instance. These provisions had been in place as of 2020, but were due to expire in 2025. How To Sell an Occupied House with Tenants. This booklet focuses on the most significant aspects of the relationship of landlords and tenants in California, particularly the California laws that govern the landlordtenant relationship. nataliexking As a show of good faith, let your agent know that the tenant needs to be notified within a specified amount of time (at least 24 hours) before showing the property. It is your investment property; you can do what you want without breaking any laws. This means that you still have your right to quiet enjoyment, and the property owner cannot invite prospective buyers to an open house whenever they want to. Limited access for showings, tenant cooperation, lease restrictions, rent amounts, and tenant's right to stay are all factors that can affect the sale of your property In California, tenants have the right to stay in the property until their lease expires, even if. Investors like to understand where they are positioned in rental income and market rents. To sell a rental property with tenants in it, you have a few options: wait for the tenant's lease to expire, negotiate with the tenant regarding early move-out, terminate the lease, sell to the tenant, work with a real estate agent, or sell to a real estate investor. Your landlord may want to sell their rental property for a … The straightforward answer is yes, you can indeed sell a property even when it is occupied by a tenant. Selling a rental property with tenants comes with some unique considerations. The straightforward answer is yes, you can indeed sell a property even when it is occupied by a tenant. tenant deposits, if any, and (ii) all prepaid but unearned rents, if any. Tenants cannot simply refuse to allow a landlord to show their apartment, at all. Tenancy in Common California! Several ways exist for people in California to co-own property. You may want to avoid surprising your tenants by putting a For Sale sign board on the front lawn one day. Right to occupy after a foreclosure.