Property Sold
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Property Sold (by Michele [MI]) Feb 11, 2018 9:42 AM
       Property Sold (by NE [PA]) Feb 11, 2018 9:45 AM
       Property Sold (by Michele [MI]) Feb 11, 2018 10:10 AM
       Property Sold (by NE [PA]) Feb 11, 2018 10:16 AM
       Property Sold (by Michele [MI]) Feb 11, 2018 10:22 AM
       Property Sold (by Ne [PA]) Feb 11, 2018 10:25 AM
       Property Sold (by Michele [MI]) Feb 11, 2018 10:29 AM
       Property Sold (by NC INVESTOR [NC]) Feb 11, 2018 11:08 AM
       Property Sold (by Michele [MI]) Feb 11, 2018 11:23 AM
       Property Sold (by RB [MI]) Feb 11, 2018 1:41 PM
       Property Sold (by Ken [NY]) Feb 11, 2018 3:57 PM
       Property Sold (by John... [MI]) Feb 11, 2018 4:04 PM
       Property Sold (by Michele [MI]) Feb 11, 2018 4:57 PM
       Property Sold (by John... [MI]) Feb 12, 2018 11:21 AM
       Property Sold (by Michele [WI]) Feb 12, 2018 12:08 PM


Property Sold (by Michele [MI]) Posted on: Feb 11, 2018 9:42 AM
Message:

State Specific Question About: MICHIGAN (MI)

I have an accepted offer on a single family house. I need to give notice to the tenant as the buyer wants the house vacant.

I have the form DC 100c "NOTICE TO QUIT TO RECOVER POSSESSION OF PROPERTY". Is this the only form that I need to send to the tenant.

There is ample time to give the tenant 30 days notice and I have already informed him verbally that the property has sold.

Thank you --76.238.xxx.xxx




Property Sold (by NE [PA]) Posted on: Feb 11, 2018 9:45 AM
Message:

Id probably approach him verbally first before getting all technical with him. Feel him out. --50.107.xxx.xxx




Property Sold (by Michele [MI]) Posted on: Feb 11, 2018 10:10 AM
Message:

Yes, I mentioned that I've already spoken to him. I need to know if I'm using the right form. --76.238.xxx.xxx




Property Sold (by NE [PA]) Posted on: Feb 11, 2018 10:16 AM
Message:

That's state specific. Are you at the point where you need a form due to non-compliance or is it simply a formality?

My goal in a situation like this would be to have a tenants departure as smooth as possible so they don't get mad and damage the house, possibly compromising the sale. That's why I suggested casual conversation at first to feel them out. --50.107.xxx.xxx




Property Sold (by Michele [MI]) Posted on: Feb 11, 2018 10:22 AM
Message:

Yes, we have had the conversation and I also reminded him that he could receive his security deposit back in full if all goes well. There was no cause for concern as far as I could tell from that conversation. He knows the building is for sale and he's allowed the property to be shown on a few occasions, so this is no surprise.

I have verbiage in all my leases (and I take time to cover it when we sign) that in the event of a sale of the property, the tenant may be asked to vacate.

I do understand that it is state specific, which is why I indicated Michigan in the beginning of my post.

I believe we may have misunderstood each other here. My apologies for any confusion.

Thank you for your responses. --76.238.xxx.xxx




Property Sold (by Ne [PA]) Posted on: Feb 11, 2018 10:25 AM
Message:

No apology needed. I'm always up for a good RE conversation. Is this a realtor sale? Your realtor may very well have this type of state form. I'd start there.

You may be fine with hand written notice signed by a cooperating tenant.

Start with the realtor tomorrow or a realtor you have worked with in the past for the form. --50.107.xxx.xxx




Property Sold (by Michele [MI]) Posted on: Feb 11, 2018 10:29 AM
Message:

Yes, this is a realtor sale, in fact my nephew is the realtor. I'll see if he has the answer for me. Great advice! Thanks.

Honestly, in order to satisfy the buyer, I want to use the state specific form and have all my ducks in a row.

We are out of state landlords and just need to be done with our Michigan rentals.

Thank you --76.238.xxx.xxx




Property Sold (by NC INVESTOR [NC]) Posted on: Feb 11, 2018 11:08 AM
Message:

Has the lease ended? M2M? Does MI allow you to terminate a lease upon sale? --71.75.xx.xx




Property Sold (by Michele [MI]) Posted on: Feb 11, 2018 11:23 AM
Message:

Yes, the lease was up and we are now on a month to month basis. My lease does indicate that in the event of a sale, the tenant will be issued a 30-day written notice which goes out today. We got the accepted offer yesterday and the new owner wants to occupy the residence. --76.238.xxx.xxx




Property Sold (by RB [MI]) Posted on: Feb 11, 2018 1:41 PM
Message:

Michele, [MI]

You have my Blessings on Form DC 100c.

Congratulations and have Fun in any future endeavors. --47.35.xx.xx




Property Sold (by Ken [NY]) Posted on: Feb 11, 2018 3:57 PM
Message:

Good luck,i hope the deal doesn't fall through and you wind up with an empty unit,i don't accept that type offer for that reason --72.231.xxx.xxx




Property Sold (by John... [MI]) Posted on: Feb 11, 2018 4:04 PM
Message:

Yes, you should be fine. It's good that you talked them first because, in my opinion, the DC100C comes off a bit formal. It makes it sound like you are evicting them for doing something wrong.

I personally would have just sent a written notice terminating the tenancy. You don't HAVE to use the DC100C -- you could say the same thing yourself basically.

But, yes, since you've already done it and you spoke with them first, it should be fine. It is the proper step -- it just comes off kind of harsh if people aren't ready for it. Luckily, yours were. :)

- John...

--96.40.xx.xx




Property Sold (by Michele [MI]) Posted on: Feb 11, 2018 4:57 PM
Message:

John,

Thank you for the advice. I never even thought that I could do a written letter, but I did do a lot of communicating before sending it and weíve also discussed this as a possibility so it was no surprise. I just feel bad for them.

I sent along a letter of recommendation to help them find their next place too.

We have more buildings for sale, so Iíll follow your advice with my other tenants when the time comes. Very much appreciated.

--76.238.xxx.xxx




Property Sold (by John... [MI]) Posted on: Feb 12, 2018 11:21 AM
Message:

No problem! Good luck!

What area in Michigan are you?

I'm near Central Michigan.

- John...

--24.180.xxx.xxx




Property Sold (by Michele [WI]) Posted on: Feb 12, 2018 12:08 PM
Message:

John, our rental properties are all in Escanaba. Thatís where my husband and I grew up. We are now happily living in Green Bay Wisconsin. --174.197.x.xxx





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