Q: I need to sell a rental and understand I can if the purchaser moves in and I give tenant 90 day notice. True?
tenants have lived there for over a year and are on month to month. Looks like I can sell the unit if who ever purchases it moves in, and I give the tenants 90 notice. I know I will have to pay the moving costs Portland makes landlords pay the tenants.
A: Yes, even with the current Covid restrictions, a landlord can sell the rental dwelling if they jump through all the correct hoops. You must first have accepted an offer to buy the property and have the buyer certify that they intend to occupy the property as their primary residence. Then, you have to show a copy of the purchase paperwork to the tenants and only then, can you issue a 90 day written termination of tenancy notice to the tenants, containing all the required information and be lawfully served. If within the Portland city limits, you also must include a variety of additional paperwork, including notice of tenant's rights and information about the required relocation assistance payment or proof of an exemption from the Portland Housing Bureau. And payment must be made to the tenant at least 45 days prior to the tenancy termination date. You also will have to comply with all the other Portland requirements after the termination - walk throughs, documentation of any/all damages charged for, rental payment history form, etc. Your biggest problem may be finding a buyer willing to wait more than 90 days to close. Good luck.
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