Dear MarketWatch, My husband and I own a home in New York City, located in Staten Island. We’d like to sell it, but we have to give the current tenants until about the end of June to move. It’s a single-family, fully-detached home with a small fenced-in yard.
Do you have a question about buying or selling a home? Do you want to know where your next move should be? Email Jacob Passy at TheBigMove@marketwatch.com. Maintaining a good relationship with them now will be critical. You’ll want to have easy access to the home so you can repair anything that needs repairing, let your real-estate agent examine the property to make sure that it’s in good condition if anyone wishes to tour it. And who’s to say, perhaps your tenants would be interested in buying the home themselves.
“If a tenant occupying a fair market apartment signed a lease for his apartment that expires after his landlord sells his property, the new landlord must honor the terms of the lease originally agreed upon by the tenant and his previous landlord,” David A. Kaminsky & Associates wrote. “The new landlord cannot legally alter any terms of the lease until the lease expires.”
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