If i have a tenant occupied contract on a house I want to assign, What happens to the tenants if they have a years lease? They have rights .
Have you had difficulty selling a tenant occupied property for this reason?
Leases are legally transferred from owner to owner. (they don’t become null and void just because someone new bought the house)
Jake Rodgers is right… you can sometimes run into problems when wholesaling a house because a rehabber usually wants it vacant. To have a successful wholesale deal you usually have to get an even better deal then normal or you have to build a landlord list for these tenant occupied houses. Sometimes you can break a lease if you pay off a tenant. The tenant can sign off the lease.