Memphis Cash Buyer Explains How Landlords Can Sell a House With Tenants Still in It

MEMPHIS, Tenn. - EntSun -- Spencer Buys Houses publishes a plain-language guide for Memphis property owners who want to sell a rental without evicting anyone first.

Spencer Buys Houses, a Memphis cash home buying company, has published a new guide for landlords who want to sell a Memphis house that still has tenants living in it. The guide covers what happens to a lease when a property changes hands, what Tennessee law expects from landlords during a sale, and the options available to owners who want out of the rental business.

Many landlords assume they have to clear the house before they can sell. The guide explains that isn't the case. A lease generally stays in place after a sale, so the buyer becomes the new landlord. Investors and cash buyers regularly purchase occupied rentals.

"Most landlords we talk to think they have to evict someone before they can sell. They don't," said Spencer Shadrach, who runs Spencer Buys Houses. "The lease stays with the house, and there are buyers who will take it that way. We wanted to put the whole picture in one place so owners can decide with real information."

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The guide compares three common paths: selling to a cash buyer with the tenant in place, listing with an agent, and removing the tenant first before selling. It also walks through the rules that apply while a tenant is still in the home. Those include giving at least 24 hours' notice before entering the property, giving 30 days' written notice to end a month-to-month tenancy, and a firm reminder that landlords cannot change locks or shut off utilities to push a tenant out.

The guide also covers situations that make a sale harder, such as a tenant who has stopped paying rent, a property that needs repairs, a tenant who resists showings, and a rental inherited through an estate.

Spencer Buys Houses buys homes as-is throughout the Memphis area, including rental properties. The company gives a written offer within 24 hours, can close in as little as 7 days, and charges no commissions or fees. It is BBB accredited and has a 4.9-star rating from more than 500 Google reviews.

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The full guide, "How to Sell a Memphis House With Tenants Still in It," is available on the Spencer Buys Houses blog.

About Spencer Buys Houses
Spencer Buys Houses is a Memphis-based cash home buyer that purchases houses as-is, including rentals, inherited properties and homes that need major repairs. Owners get a no-obligation offer with no repairs, no agent commissions and a closing date they choose.

Media Contact
Spencer Shadrach
Spencer Buys Houses
(901) 621-8799
www.spencerbuyshouses.com

This release is general information, not legal advice.