What happens to the leases when I sell?
Leases run with the property, not with you personally. When the building changes hands, the buyer inherits the leases as-is: same rents, same terms, same end dates. Your tenants keep their homes and simply start paying a new owner. Month-to-month tenancies continue the same way until either side changes them under local rules.
Will my tenants find out I'm exploring a sale?
Not from us. A private, off-market sale has no listing, no sign in the yard, and no open houses. Property visits are scheduled discreetly — often presented as a routine inspection, which they genuinely are. Most owners tell tenants only once the sale is certain and the management handoff is planned.
Why do private buyers prefer occupied buildings?
- The income is proven. A rent roll of paying tenants is the strongest evidence of what the building earns.
- No lease-up risk. An empty building costs money every month; an occupied one produces it from day one.
- Financing and valuation are cleaner. Occupied, stabilized buildings are valued on their actual numbers, not projections.
What does the process look like?
- You share the basics privately — address, unit count, situation.
- You provide the rent roll and trailing-12-month numbers.
- You receive a researched offer with the math shown.
- If you accept, closing happens on your timeline; tenants are notified at handoff.
Own a tenanted building you'd consider selling quietly?
Tell us about the property and we'll follow up discreetly. No public listing, no commissions, no pressure — or text us at 202-932-7527.
Prefer the full overview first? Visit invest.simplysolvd.com
Frequently asked questions
- Do leases survive the sale?
- Yes. In general, existing leases transfer to the new owner and remain in force on the same terms. Tenants keep their homes, and the buyer steps into your position as landlord. (Lease and notice rules vary by state — confirm specifics with a local attorney.)
- Do I have to tell my tenants I'm selling?
- Usually not during a private sale. Notice requirements generally apply at or after closing, when management transfers — not while you're quietly exploring offers. In an off-market sale there are no public listings, signs, or open houses to tip anyone off. State and local rules vary, so verify with a local attorney.
- What happens to security deposits?
- Security deposits transfer to the buyer at closing, typically as a credit, and the buyer takes over the obligation to return them under the lease terms. It's a standard line item handled by the closing agent.
- Is a fully occupied building worth more?
- To an income buyer, generally yes. Occupied units are proof of income — a stabilized, tenanted building is exactly what private buyers look for. You do not need to empty the building to sell it; vacating a performing building usually destroys value.
- What if some tenants are behind on rent?
- Be upfront about it. Collections issues affect the price but rarely kill a direct sale — buyers deal with them routinely. Disclosing delinquencies early leads to a more reliable offer than having them surface in diligence.