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Nike Pedro
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Single Family sale and Tenant obligation

Nike Pedro
Posted Jan 5 2021, 15:10

I currently have a tenant whose lease will expire in August but I want to sell the SF and buy multifamily. Can I sell with tenant in it and is there legal implication for selling/ can buyers view while tenant is still there?

Also I lived there for 7yrs and moved out May of 2016. Does the 5yr rule apply so I dont have pay tax on the profit. Im thinking I have till May 2021 to sell. Is that right?

Thank you