Is it illegal to sell a house to someone if it's rent occupied?

3 Replies

I'm writing this a year after the original post, so likely this won't help you, Mason, but for anyone else reading... I'm a licensed RE broker in WA and previously in PA.  Yes, rental properties are sold all the time with tenants in them, subject to the terms of any existing leases.  Best case for most investor buyers would be if a tenant is month to month, so then as soon as you close on the property you could present the existing tenant(s) with YOUR new lease with your preferred terms and likely higher rent rate, and then they will either accept or you can negotiate or decide to give them notice. At closing the leases and security deposits are transferred to the new owner.