Your name saw this post on The ActiveRain Real Estate Network and thought it might be of interest to you. Please see the link below to review the post.

If I Sell My House, Will the Tenant Have to Move?
If I Sell My House, Will the Tenant Have to Move?
I was recently asked this question and it is a very good question.  As a property manager, I am often sold by prospective tenants, that the reason that they are moving is because the owner is selling the home.  Of course, if they complete an application with me, I'll do my due diligence and make sure everything jibes.
But from a seller and buyer perspective, they both need to know that if a tenant occupied house is sold, then the new owner, by law, has to honor the existing terms of the lease.  In other words, if the tenant's lease does not expire for another 6 months, and the purchaser is an owner occupant purchaser, then by law (at least Alabama law), the new owner must honor the terms of the existing lease.  In which case, the new owner could not move in to the home until the tenant moved out at the end of the lease term.
The alternative would be if the tenant and the owner (current or future) have come to an agreement with regard to the tenant vacating the property sooner than the end of the ... more

__________________________________________________
Are you on The Rain? Grow Your Network!