Can I sell a rental property in Spokane with tenants still living in it?
Yes. Horizon Home Buyers buys occupied rental properties in Spokane with tenants in place, including tenants who are behind on rent or on month-to-month terms. The lease and security deposit transfer to us at closing, so you do not have to evict, give notice or wait for a vacancy. Washington's tenant-protection rules make evictions slow and costly for landlords; selling to a buyer who takes over the tenancy sidesteps that entirely.
Landlords call us for two reasons: the tenant, or the building. Sometimes both.
Selling with a tenant in place
A lease survives the sale. At closing, the title company prorates rent, the security deposit moves to us, and we notify the tenant of the new owner and where to pay. Under Washington law the tenant’s rights do not change just because the owner did, and we take on those obligations. You do not have to serve notice, offer cash-for-keys, or file anything in court.
Selling with a problem tenant
Non-payment, damage, unauthorized occupants and hoarding are common reasons a landlord decides it is time. Washington’s “just cause” eviction rules and court timelines mean a landlord can spend months and thousands of dollars getting possession. We price the situation into our offer and handle it after closing. Our article on seven warning signs it is time to sell a problem property covers the signals.
Selling a tired building
Deferred maintenance, a roof at end of life, or a sewer line that keeps backing up can eat every dollar of rent. We buy as-is and do the work ourselves.
What we need
The address, the current rent and lease terms, and whether the tenant is current. We can usually make an offer without disturbing the tenant at all until a sale is agreed.