Selling a tenant-occupied property isn’t just possible—it’s common in markets like Richmond, Chesterfield, and Henrico. To make it stress-free, you need a clear strategy and a buyer who understands landlord rights. Below are your top legal considerations and three exit options—complete with links back to our cornerstone pages.
Legal Overview: Tenant Rights & Virginia Law
Under Virginia law, existing leases survive a property sale—so your tenants stay until their lease ends. Month-to-month agreements require 30–60 days’ notice, depending on local ordinances. For full details on timelines and required disclosures, see our FAQ.
Three Ways to Sell With Tenants in Place
1. Sell “As-Is” to a Local Cash Buyer
Investors love tenant-occupied homes for instant cash flow. We buy houses in Richmond VA as-is, handling tenant communications and closing in 14 days. Learn more on our How Our Process Works page.
2. Lease-Purchase or Owner Financing
Want to maximize price and keep rental income? Offer a tenant a lease-purchase or owner-financed sale—collect payments monthly and earn interest. Check out our Owner Financing FAQs for sample terms.
3. Wait for Lease End or Use Cash-for-Keys
If you prefer a retail sale, consider offering tenant $1,000–$1,500 to vacate early. Then list agent-free, or use our Listing vs. Selling Comparison to decide if FSBO fits.
Why Internal Linking Matters
Embedding strategic links helps readers navigate:
- For a step-by-step selling overview, visit How Our Process Works.
- To compare selling vs. listing, see Listing vs. Selling to Us.
- Ready to get started? Get a Cash Offer Today.
Mobile & Speed Best Practices
- Compressed Image:
house-with-tenants-richmond.jpg(WebP) - Short Paragraphs: Ideal for mobile readers
- Lazy-Load Enabled: Ensures sub-2s page load
Promotion & Backlink Tips
- Share this guide in landlord groups on Facebook and BiggerPockets.
- Pitch local property management firms and elder-law attorneys for link placements.
- Post a summary on your Google Business Profile to boost local signals.
Whether you choose cash, terms, or a hybrid, Richmond Property Buyers makes the process seamless—tenant and all.