11 March 2011
Like many others today, I have a cash flow problem, and I am trying to sell a couple of my single family homes. But the market is slow right now, and so I am putting renters in them while they sit on the market.
Since I don’t know how long it will take to sell them, I have been doing six and twelve month leases with the tenants. I am concerned that I might not get an offer if a buyer knows that they can’t live in it for some period after escrow closes.
Is there any way I can put something into my rental agreement so that I can unilaterally terminate the agreement upon the close of escrow?