Leases and the new owner
In Texas, a sale does not cancel an existing lease. The buyer generally takes the property subject to it, and Texas law makes the new owner responsible for the tenants’ security deposits, which is why deposits are transferred or credited at closing. Have your leases, rent amounts, deposit records and any notices ready to share.
Why investors buy tenanted houses
A property that is already rented produces income from the first day, so investors often prefer it. Listing a tenanted house on the open market is harder, because showings have to work around the tenant and buyers living in the house usually need it vacant.
Tired of being a landlord
If the rental needs more work than the rent justifies, or you are simply done managing it, we can make an offer on its current condition and lease situation. Selling more than one property? Tell us about all of them together.
How we can help
- A written offer, with our numbers explained
- No commission or fee charged by us
- No repairs, cleaning or showings
- You choose the closing date
- Closing at a Texas title company
- We tell you in writing if we may assign the contract
This page is general information about Texas, not legal, tax or financial advice. For your situation, talk to an attorney or tax professional.
Frequently asked questions
Do I need to tell my tenants I am selling?
Read your lease for any notice or showing terms. You will need to coordinate access for a walk-through, and it is fair to let tenants know what is happening.
Can you buy a house with a tenant who is behind on rent?
Usually, yes. Share the situation and any eviction filings and we will account for it in the offer.