How to Sell a House With Tenants in Missouri
Selling a tenant-occupied property in Missouri can be complicated, but it's far from impossible. This guide explains your rights, your tenants' rights, and the fastest ways to sell.
Understanding Landlord-Tenant Law in Missouri
Missouri landlord-tenant law provides specific protections for tenants, even when a property is being sold. Tenants with active leases generally have the right to remain in the property until their lease expires, regardless of a change in ownership. Month-to-month tenants can typically be given notice to vacate, but the notice period varies.
Notifying Tenants of the Sale
Missouri law requires landlords to provide proper notice to tenants in connection with a property sale. The specific requirements depend on the lease terms and the type of tenancy. Working with a real estate attorney can help ensure you comply with all applicable requirements.
Option 1: Wait for the Lease to Expire
If your tenant has a fixed-term lease, you can wait for it to expire before selling. This gives you the ability to sell the property vacant, which can be easier and may result in a higher sale price. However, it also means waiting, which may not be practical if you need to sell quickly.
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Option 2: Sell With Tenants in Place
Selling a tenant-occupied property is entirely possible, and in some cases can even be an advantage — particularly for investor buyers who want a property with existing rental income. The key is finding a buyer who is willing to take on the tenant relationship.
Option 3: Sell to a Cash Buyer
Selling to a cash buyer like Midwest Equity Advisors is often the fastest and simplest option for landlords with difficult tenants. We buy tenant-occupied properties as-is and handle the tenant situation after closing. You don't need to evict, negotiate, or wait for leases to expire.
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