You own a rental house in California and you are ready to sell it. But you have a tenant living there, and you are not sure what happens next. Maybe you wonder if the tenant can block the sale or if you have to wait for the lease to end before you list the property.
A lot of owners think a tenant will block a sale. That is not how it works. The lease stays with the property. When you sell, the new owner gets the tenant along with the lease. Buyers price this into their offer. They know what income is coming in and for how long. The first