When a landlord sells a rented property – whether for cash or with financing – tenants generally keep the rights guaranteed by their lease and Delaware law. In Delaware, the sale of a home does not automatically end an existing lease. Fixed-term leases continue under the new owner, and month-to-month...
Selling a Rental Property with Tenants in Delaware: What You Can and Can’t Do
Thinking to sell a retail property with tenants in Delaware? You’re not alone. At some point or another, many landlords will make the decision to cash out on their investment properties—be it to re-invest, retire, diversify, or reduce portfolio risk. But it’s different when your property is rented. You’re not...