My rental unit will be on short sale soon. Can i rent it out while waiting for a buyer?

Asked on June 13, 2009 under Real Estate Law, Florida


J.M.A., Member in Good Standing of the Connecticut Bar / FreeAdvice Contributing Attorney

Answered 11 years ago | Contributor

I am alwyer in CT and practice in this area.  You may rent the unit out in the interim.  However, make sure that the tenat is clear about what is going on.  Or you can not let the tenant know and just rent it out and give the tenant his 30 days notice to leave when you find a buy and have   sale date.  the reason you should let the tenant know is that you do not want to have an pissed off tenant that is forced to move out after getting settled and may force you to do an eviction action that will delay the sale.  Honesty up front will go a long way.

IMPORTANT NOTICE: The Answer(s) provided above are for general information only. The attorney providing the answer was not serving as the attorney for the person submitting the question or in any attorney-client relationship with such person. Laws may vary from state to state, and sometimes change. Tiny variations in the facts, or a fact not set forth in a question, often can change a legal outcome or an attorney's conclusion. Although has verified the attorney was admitted to practice law in at least one jurisdiction, he or she may not be authorized to practice law in the jurisdiction referred to in the question, nor is he or she necessarily experienced in the area of the law involved. Unlike the information in the Answer(s) above, upon which you should NOT rely, for personal advice you can rely upon we suggest you retain an attorney to represent you.