Investing in Toronto real estate is considered a very lucrative business move. More than often, home sales in Ontario are always on the rise due to the several factors that make people move from one geographical location to another. Sometimes, the need to sell a home urgently might force homeowners to put their property on sale even while tenants are still occupying the property.
Selling a tenanted property in Ontario can be somewhat challenging unless you find an experienced home buying company that is always ready to bring out the cash. Are you wondering how to sell your house with tenants in Ontario, this article is right for you.
What should you do to sell your house with tenants in Ontario?
When you want to sell your house with a tenant in Ontario, you need first to be sure that your tenants are on a month-to-month lease to honor their terms of the lease. You need to know that your tenants’ leases move to become month-to-month when it goes beyond a year.
Where should you start from?
The first step in selling your house with a tenant is to give notice of intent to sell to your tenants. It’s important to let your tenants know about your plans to sell the property, but you don’t have to give any formal notice until you have sold the property. If the buyer plan to move into the home after selling the property, you need to give 60 days’ notice to your tenants, which should be effective on the first day of the month when their tenancy would end.
For instance, if you sell your tenanted property on the 4th of May, the 60 days’ notice would not be effective until the 1st of June, meaning that the closing date will be the 1st of July.
How to sell your house with a tenant at a considerable price
Selling your home while your tenants are still residing in the property can make some homebuyers propose a much lesser amount than the property’s worth. If you want to sell at a higher price, we are just a call away.
We are a leading home buying company that can help you sell your house fast for cash in Ontario. We are 100% committed to buying tenanted properties in Ontario to help landlord convert their home to cash within a short period. Selling to us, you have the opportunity to sell your house as it is no matter the condition of the property.
Many homeowners find it challenging to sell their homes with tenants because of the constraints involved in making the tenants comfortable while the home buying process is still ongoing. We know all the tenants’ rights in this situation by the law and what it takes to manage your tenants’ lease agreement without extra charge.
Finally
Selling to a reliable home buying company will help you sell your tenanted property within a short period. If professionals handle the process, the process will cost you more money and stress beyond your imagination.
Do You Need An Ontario Cash House Buyer? I Can Help You…
My name is Michael Lee, and I’m a local real estate investor buying houses as is for cash. If you are in a situation where you would like to sell your house quickly, give our team a call at 1-800-610-6171, or click the button below to submit your contact information. One of our house buying specialists will call you within one business day to begin learning about your property and get an offer ready. It’s that easy – So what are you waiting for? Contact us today!