Listing Your Property While there is Still a Tenant in the Home

[Steve Rozenberg]

What Are the Pros and Cons of Listing Your Property With the Previous Tenant Still in the Property?

[Jeff B.]

All depends upon the buyer and the property type {SFR vs MFU}

FIRST, property with tenants in residence have rights to the expiration of the lease.

if SFR

1. buyer *may* wish to occupy -> tenant is disadvantage
2. buyer *may* wish to rent to other known party -> disadv
3. buyer *may* wish a turnkey purchase (ie tenants in place) -> major advantage

else if MFU

1. rents < FMR, disadv
2. rents = FMR, advant