Introduction
Inheriting a home can be complicated—especially if it comes with a tenant living in it. Whether you want to sell the property quickly or keep it as an investment, understanding your rights and options is crucial.
This guide will walk you through how to sell an inherited home with a tenant in Springfield, MO while staying legally compliant and maximizing your sale.
1️⃣ Understand the Tenant’s Lease Agreement
📜 Review the Lease Terms – If the tenant has a lease, you may need to honor it until expiration.
🏡 Month-to-Month vs. Fixed-Term Lease – If it’s month-to-month, you have more flexibility to sell or negotiate an exit.
⚖️ Tenant Rights in Missouri – Missouri law protects tenant rights, so you must follow proper eviction or lease termination processes.
✅ Pro Tip: Always check the lease before listing the property to avoid legal issues.
2️⃣ Decide How You Want to Sell
🔹 Sell with the Tenant in Place – Investors may buy the home as a rental property.
🔹 Sell After the Tenant Moves Out – Typically results in a higher sale price but may take longer.
🔹 Cash Sale for a Faster Closing – A cash buyer can purchase the home as-is, with or without a tenant.
✅ Pro Tip: If selling with a tenant, highlight rental income potential to attract investors.
3️⃣ Negotiating a Tenant’s Move-Out
🚪 Cash for Keys Agreement – Offer a financial incentive for the tenant to move out voluntarily.
📝 Provide Proper Notice – If they are on a month-to-month lease, Missouri law requires proper notice before asking them to vacate.
🤝 Communicate Openly – Tenants may be more cooperative if they understand your plans.
✅ Pro Tip: Offering assistance with moving costs or finding a new rental can encourage a smooth transition.
4️⃣ Selling to an Investor vs. Traditional Sale
📊 Selling to an Investor:
- No need to remove the tenant.
- Faster, cash sale with no repairs needed.
- Often closes in 7-14 days.
🏡 Selling Traditionally:
- Requires listing the property and marketing it to traditional buyers.
- Higher sale price but may take months to close.
- Some buyers may want the home vacant before closing.
✅ Pro Tip: If selling quickly is your priority, a cash investor is the best option. Our blog What Are Cash Home Buyers? for more information.
5️⃣ How to Handle an Uncooperative Tenant
⚖️ Eviction (If Necessary) – If the tenant refuses to leave and violates lease terms, legal eviction may be required.
📝 Offer a Lease Buyout – Some tenants will agree to leave early if compensated.
📞 Work with an Attorney – If legal action is needed, consult a professional to handle eviction properly.
✅ Pro Tip: Avoid costly legal battles by first attempting a mutual agreement with the tenant.
Conclusion
Selling an inherited home with a tenant in Springfield, MO is possible with the right approach. Whether you sell with the tenant in place or after they vacate, knowing your options helps ensure a smooth transaction.
If you need a fast, hassle-free sale, selling to a cash buyer may be the easiest solution.
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Call to Action
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