Occupied or vacant, both can work
If the property is occupied, we can buy it with the tenant in place and take over the lease at closing. If it is vacant, we can close on your timeline without waiting for you to repair or re-rent it. You do not need to decide which is better before talking with us; we can review both scenarios with you.
What transfers at closing
- The lease: The buyer takes over as landlord under the existing terms.
- Security deposit: Deposits are credited or transferred to the buyer, who becomes responsible for them.
- Rent: Rent for the month of closing is typically prorated between seller and buyer.
- Notice to the tenant: The tenant receives written notice of the new owner and where to pay rent.
Condition after years of renting
Rental homes collect wear and tear: worn flooring, dated kitchens, tired paint, and systems that have been patched rather than replaced. Retail buyers and their lenders often want all of that fixed. We price the property as-is, so you do not need to renovate between tenants to sell.
Rentals in condo and HOA communities
If the rental is in an association, its rules on leasing, approvals, and assessments matter. Florida associations generally issue an estoppel certificate at closing, and some require approval of new owners. We factor those requirements into the timeline.
Tenant notice and access
Before any walkthrough, give your tenant proper notice as your lease and state law require. We keep visits short and respectful, which usually makes tenants more cooperative.
Frequently asked questions
Will the tenant have to move out?
Not if we buy with the lease in place. The tenant keeps the rights the lease gives them.
Who keeps the rent for the month I sell?
Rent is normally prorated, so you keep the rent for the days you owned the property and the buyer receives the rest.
Do you buy rentals in condo buildings?
Yes, subject to the association's rules. We review leasing restrictions and assessments as part of our evaluation.