i had a tenant sign a new lease, but the commencement date isn't until 8/1/17. can i recind the lease to sell?

I want to sell the house now, can the tenant hold me to the lease even though the commencement date hasn't occurred?
In Selling Property - Asked by T J. - Jul 8, 2017
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Answer(s)

mark s.
Owner/Investor
Oaks, PA

Unless you have an early termination clause for sale they have a lease.
I'd try the cash for keys approach to make it a win - win.

Jul 9, 2017
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mark s.
Owner/Investor
Oaks, PA

Unless you have an early termination clause for sale they have a lease.
I'd try the cash for keys approach to make it a win - win.

Jul 9, 2017
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Martin L.
Owner/Investor
Columbia, TN

I agree with Mark S. that it all depends on the terms of the lease you signed with the tenant. There would have to be some language in that lease that stipulates that right to you terminate prior to occupancy for certain reasons. Unless, there is such a section in the lease you signed and based on what it says will depend on what potential outs you have.

Jul 10, 2017
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Gregg E.
Corporate Investor
Encino, CA

I take you didn't make a Dark Rent deal. Depending on the lease language, if you can't sell before commencement Try to buy him out, keys for cash, it's generally a win/win situation. There has to be more to this. I mean it's only 2 weeks before your tenant pays the rent. This only a suggestion, after all, I haven't read your lease.

Jul 14, 2017
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