Q: Do any of the new rules and laws relating to evictions, affect my ability to sell my home with a resident in it?
A: No, the eviction moratoriums that have been enacted have no legal bearing on the potential sale of the property. However, it has a practical bearing on the issue. The buyer will take title subject to whatever rights the tenant does have. Therefore, if you have a tenant that is not paying the rent, the new owner may get stuck in a situation where they can’t evict the resident. Also, even when the lease expires, under Arizona rules, if the tenant is delinquent, the CDC order applies and the resident may get to stay. This means that investors may lowball potential offers, because of the headache that occupied residences can have.
by Mark B. Zinman, Attorney
Information contained in this article is for informational purposes only and should not be considered legal advice. You should always contact an attorney for legal advice and not rely on information published here.