How to Sell a Rental Property with Tenants in Michigan

One of the biggest challenges for landlords is figuring out how to sell a rental property with tenants in place. Michigan law protects tenant rights, so you must handle the process carefully. If you’re wondering, “Can I sell my rental property with tenants still living there?” the answer is yes—but there are key steps you need to know.

Understanding Tenant Rights in Michigan

In Michigan, tenants with a valid lease are entitled to remain in the property until their lease ends—unless they agree otherwise. If they’re on a month-to-month lease, you typically must give at least 30 days’ notice before making changes.

Pros of Selling with Tenants

Appeals to other landlords who want immediate rental income.
Avoids losing months of rent while waiting for the property to sell.
No need to stage the home for traditional buyers.

Cons of Selling with Tenants

Limited buyer pool (mostly investors).
Difficult tenants may complicate showings.
Tenants may resist cooperating.

Strategies for Selling With Tenants

Offer the property to the tenants first – Sometimes, the best buyer is already living there.
Communicate clearly with tenants – Explain your intentions and how it impacts them.
Sell to a cash buyer like I Buy Michigan – Cash buyers specialize in properties with tenants and can close quickly without complications.

Legal Considerations

Honor existing leases.
Provide proper notice before showings.
Follow Michigan eviction laws if tenants stop paying rent.

Conclusion

Selling a rental property with tenants in Michigan requires careful planning, but it’s absolutely possible. Whether you sell directly to another landlord or work with I Buy Michigan for a stress-free transaction, understanding tenant rights will help the process go smoothly. Contact us to learn more!