Selling a Rental Property with Tenants in Harrisburg

Selling a Rental Property with Tenants in Harrisburg

Selling a Rental Property with Tenants

Selling a rental property in Harrisburg can be overwhelming. It can feel intimidating especially if it is your first rental sale. A landlord wants to be sure that they are within their legal parameters for selling the property especially when there are tenants still living in the home. It is good to know your rights as a landlord as well as the rights of the tenant when selling your tenant-occupied Harrisburg rental.

Pennsylvania Requirements for Landlord Notice of Selling a Rental

The state of Pennsylvania requires a landlord to give a tenant at least 30 days’ notice before they officially sell the rental property. The requirement increases if the tenant has been living in the home longer than six months. A tenant on the property for more than six months is allowed 60 days’ notice before the sale of the property.

Landlord Rights for Selling a Rental

In a rental property sale, both a landlord and a tenant have rights. It’s good for a landlord to know the rights they have in selling a property they own while also being knowledgeable of protections for a tenant living on the property under the law.

A landlord can find the legal parameters of selling a rental property in the Pennsylvania Landlord Tenant Act. The important attributes of the act state that a landlord must provide proper notice to the tenants of their intention to sell. A landlord is also required to give notice to the tenant of a change in ownership and whether there are new terms of occupancy or a need to vacate the property.

Of course, a landlord can only let a tenant know they should plan to find a new rental if the lease agreement has expired. If it is not the lease needs to be upheld and the new buyer of the property will need to agree to take on the lease.

A landlord does have the right to sell a rental property even with the tenant still living there and a current lease. They need to make sure they communicate clearly with the tenant and make sure that the lease is protected. If they do sell before the lease is up they still have the right to market the home while the tenant is living in it as long as they do not disclose any information about the tenant only that there is one.

Tenants’ Rights When Selling Rentals

A Pennsylvania landlord needs to remember the rights of the tenants when selling a rental property. It is crucial as a tenant can take action against a landlord if they are not treated fairly in the sale of the property. The biggest rights are those of upholding an active lease.

In addition to proper notice within the required amount of days discussed previously in the article, a landlord must also provide written communication of any changes. This includes if a tenant needs to find a new living arrangement or if there will be an increase in rental charges or lease terms. All notification needs to be done in writing and provided to all tenants on the property.

Landlords must also provide safe and sanitary living conditions during the transfer between owners. The landlord must ensure that the property remains safe and in livable condition when the property is pending a sale. Federal law also requires that all security deposits held by the current landlord be transferred to the new owner or given back to the tenant. Landlords need to make sure that security deposits are not lost in the transition of ownership as it can bring severe legal repercussions.

Considering a Cash Sale of Your Rental Property

If you are a landlord in Harrisburg looking to sell a rental property it may be worth considering contacting a cash buyer. A cash buyer may be willing to purchase your tenant-occupied rental property and help with a smooth and quick transition of ownership.

If your lease is almost up with your tenant it could be a good way to ensure that you are able to sell the property as quickly as possible instead of waiting around for a traditional home sale process. While the state of Pennsylvania does require a time frame of notice to the tenant a landlord does not have to wait around wondering if the property will sell when working with a Harrisburg cash homebuyer.

If you are a landlord with a rental property that you need to sell please contact us. We are happy to talk over your rental property situation and talk about options for selling your Harrisburg rental quickly and with as little hassle as possible. And within all legal requirements and parameters.

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