Real Estate Law
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Hi and welcome to JA. Ray here to help you today.Please bear with me a few moments while I review your question, conduct and prepare your response.
You would want to really think about letting this go here.It is one thing to do a sales contract with a sale contingency for say 90 or 120 days with earnest money and they don't move in.If you let these people move in and they cannot close, trash the place, and you have to evict them it could be real problem.You really don't want to go down this road.I have see too many of these go south.
If you want to offer them a lease here, thats one thing, with a deposit but if you are looking to sell here I suggest you pass on this and find a buyer that ready to buy and can close here is 30-45 days.I just see so many of these not working out these days.If you really want to sell here then hold out for someone thats ready to buy.
If you want to just do a lease here thats ok if you intend to keep it for awhile.You can list it here and have a termination clause in the lease if it sells and you need the tenant out quickly.
These are your options keep them separate and avoid problems. I mean realistically it could take them a year here to sell their house, it might be less but I just think if you want to sell here then list it and look for a ready buyer.
Thats my thoughts, I have done title work and closings for many years and these are problematic.Please don't shoot the messenger trying to keep you from trouble her.e
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