- Home owners in Los Angeles should be aware that roommates have tenant rights
- Always review the both terms of the lease agreement and latest develops in tenant protection laws, especially if you are in Los Angeles, CA
- Give your roommate plenty of notice and most importantly, a specific date in order to allow them to find a new place to live
You may be wondering what additional steps you may need to take if you decide to sell your house but have roommates. Roommates do have rights. As with all legal matters, naturally, it’s best to understand them before your roommate is in place. That said, life has a way of changing our financial and personal circumstances, so selling the property may be part of the solution we require. With guidance, you can handle the situation calmly and professionally, maintaining peace with your roommates. So read on as we explore what you need to know about selling your house in Los Angeles when you have roommates.
Difference Between a Roommate and a Tenant
If you own a house you want to sell fast and you have a tenant sharing the house with you, you might be wondering if your tenant is a roommate and what’s the difference between being a roommate versus just being a tenant.
Roommates. If there is a common area, or shared areas, i.e. kitchen, toilet, shower, living room or even bedrooms in the same area that are not separated, they are considered roommates.
Tenants. If they hold an independent apartment area, without an entrance to the main building that has its own entrance area, (completed isolated), then they’re just tenants.
Assume Your Roommate Has Tenant Rights
The important thing in selling your Los Angeles house fast when you have a roommate living there is to review your lease agreement because at the end of the day, you are the property owner (and landlord) and they are the tenant. Tenant rights in Los Angeles can vary depending on when the property was built, whether its a single family residence or a multifamily dwelling, and what COVID protections remain, so make sure you keep up to date with Los Angeles Tenant Protections. Also, regardless of what agreement you had them sign, most likely they are considered a tenant and have tenants rights, at least from a court system perspective.
Hopefully, you had them sign a lease and have treated it like a business. If not, you may have created a major problem for yourself by not having an agreement. Either way, Fair Sale Homes can provide you guidance on how to speak with your roommate tenant or in a worse case scenario, provide you a referral to an attorney to assist you, so you can proceed to sell your house in Los Angeles fast. Call Fair Sale Homes at (626) 863-7006.
Agreeability
Of course, it’s best to have your roommate onboard with the sale, which is the first thing you should know about selling your house in Los Angeles when you have roommates. Otherwise, you may need to take steps through legal channels. Highly-seasoned professional buyers like those at Fair Sale Homes can help you avoid the headaches and expense of uncooperative roommates. The pros at Fair Sale Homes are local real estate investors; they and their team are passionate about helping other investors succeed. You will benefit from the vast experience of the professional buyers at Fair Sale Homes in dealing with people in all types of circumstances and walks of life. At Fair Sale Homes, our professional buyers can help you develop the right approach to gain the approval and cooperation of your roommates.
Pricing
Setting a realistic asking price from the starting gate is another crucial step in selling your house in Los Angeles when you have roommates. Professional buyers like those at Fair Sale Homes can help you understand the current market value of your home and then let you compare it to an offer to buy your house directly, as-is. In addition, at Fair Sale Homes, our professional buyers will detail the amount of profit a listing would bring vs. the profit from selling your house directly so that you can make an educated decision about what is best for your circumstances. And the professional buyers at Fair Sale Homes never charge commissions.
Marketing
Of course, marketing to bring buyers to the door includes the expense of professional photographers, videographers, stagers, and advertising for sellers who want to stand in the competition. But, on the other hand, a direct sale to professional buyers like those at Fair Sale Homes means you can skip prep work, constant cleaning, and showing hassles. At Fair Sale Homes, our professional buyers can even arrange to clean up whatever you leave behind; just pack and go.
Closing
To reach the finish line, you must have crossed your t’s and ensure that the title is clear, that any possible delays from unpermitted repairs, or avoid the headache of correcting repairs uncovered by the inspection that lurk below the surface. Contingencies and disclosure laws also come into play in the possible negative outcome for sellers. Professional buyers like those at Fair Sale Homes work with a full-service in-house team of industry specialists, including every team member necessary to take you through the initial inspection all the way to the closing table within days for most sellers, and you won’t even pay any closing costs. At Fair Sale Homes, our professional buyers have built-in efficiency to save sellers time and money; this is how we can offer a guaranteed closing date that we are flexible on, so talk to us about the most convenient closing date.
At Fair Sale Homes, our local professional buyers make it easy for sellers to understand all they need to know about selling your house in Los Angeles when you have roommates. The pros at Fair Sale Homes we want you to feel good about working with us long after closing. Call Fair Sale Homes at (626) 863-7006.