Selling a rental house with tenants in Memphis
Plenty of Memphis landlords are ready to be done: late rent, repairs that never end, or a property that is just too far away to manage.
An occupied rental can be sold. The lease generally stays in effect after a sale, so the buyer takes over as landlord.
Things to know in Tennessee
- A sale does not automatically end a lease. The buyer usually steps into the landlord's position for the rest of the term.
- Removing a tenant requires the legal eviction process; self-help lockouts are not allowed. In Shelby County, evictions are handled through General Sessions Court.
What we can do
- We buy with tenants in place, so you do not have to wait for a lease to end.
- We take over the tenant relationship after closing.
Options besides selling to us
- Selling to the tenant is sometimes possible and can be the smoothest sale.
- Selling to another landlord through an agent may net more on a well-performing rental.
Want to see how a cash offer stacks up against listing? Run the comparison.
Sources
This guide is general information, not legal or financial advice. Rules change; confirm with an attorney or the agency named above.