Move to a smaller, cleaner place in Montreal

Get a cash offer now!

Sell House fast, 60 days notice, financial recoveryDo you own an investment property in Montréal and would like to sell it? When people other than yourself live in your home, selling can quickly become complicated. Read on to find out how to sell your home when you have tenants in Montreal!

As a homeowner, the day will certainly come when you want to sell. Even if you have tenants, the property belongs to you and you can sell it if that’s what you want. In some cases, you can communicate with your tenants, and that’s no problem. On the other hand, you might not want to risk losing your tenants and being stuck with an empty house. Whatever your situation, your tenants have rights that you’ll want to respect. Below is some information specific to the sale of a house with tenants in Montreal.

Type of rental

What type of rental contract have you signed with your tenants? If you rent by the month, ending the lease should be fairly straightforward. You’ll need to give notice to your tenants and give them around 30 to 60 days to reorganize. If you’re in the middle of a fixed-term rental, it’s a different matter altogether. If you’re selling in the middle of a lease, you’ll either have to find an investor who will honor the lease until the last day, or come up with a good argument to get your tenants to leave on their own. Some leases include an early termination clause. If this is your case, it could enable you to terminate the contract quickly. In any case, never forget that your tenants have rights; not respecting them could seriously penalize you.

Difficult tenants

If your tenants have not respected your contract, you may be able to evict them easily. That said, if your tenants refuse to leave, the eviction process can be long and demanding. That’s why landlords usually avoid eviction at all costs. By selling your rented home directly, you can avoid the eviction process and move on to the next project with cash in hand. A large number of direct buyers will agree to honor your lease, which won’t affect your tenants. If your tenants have broken the contract, your buyer will take care of evicting them if he thinks it’s necessary. What’s more, a direct sale will allow you to avoid all the steps of a traditional sale that could cause even more tension between you and your difficult tenants, such as advertising, promotion and viewings.

Sell House fast, 60 days notice, financial recoveryDirect sales

A direct sale can be a great help to those who need to sell their Montreal rental home. Investors will be happy to manage your property, even if it already has tenants, especially if they are good tenants. This actually allows them to save on promotion, marketing and property visits. They won’t need to screen tenants, or run background checks, as this has already been done. Even if there are difficult tenants living in the house, an experienced investor will have no problem managing the eviction process himself if your tenants are in the wrong. They’ve probably had to do it before. As a result, the process will seem less complex.

If you want to sell your home when you have tenants in Montreal, there are a few ways to go about it. Always be fair to your tenants and give them time to prepare. Not only because you have to follow the law, but also because it’s the right thing to do.

To learn more about selling your home while you have tenants in Montreal, send us a message or call now!