Michigan's landlord-tenant law makes selling an occupied rental property complicated — but not for cash buyers. 7 Lakes Properties buys tenant-occupied Michigan properties as-is, with tenants in place. No evictions, no waiting. Close in 7–14 days.
Yes. In Michigan, you can sell a tenant-occupied property at any time — the sale does not end the tenant's lease. A cash buyer purchases the property as a going concern, with the tenancy transferring to the new owner at closing. This is standard in Michigan investment property transactions. Traditional buyers often won't accept tenant-occupied properties, but cash investors do it regularly — and we can close in 7–14 days without requiring you to wait for lease expiration or complete an eviction.
Written offer in 24 hours. Close in 7 days or on your schedule. No fees, no repairs.
Most traditional buyers purchasing with a mortgage cannot or will not acquire a tenant-occupied property — especially if the tenant has a lease extending past their projected move-in date. Financed buyers want vacant, move-in-ready homes. This leaves Michigan landlords wanting to sell with tenants in place stuck in a shrinking buyer pool. Cash investors are the practical market for tenant-occupied Michigan rentals — and we close in 7–14 days.
Under Michigan's Landlord-Tenant Relationships Act (RPPL, MCL 554.601 et seq.), a sale of the property does not terminate an existing lease. The tenant's lease terms are honored by the new owner. At closing, the security deposit transfers to the buyer and the tenant is notified of the new owner's contact information in writing. Month-to-month tenancies continue on their existing terms. Long-term leases bind the buyer for their remaining duration. We understand these requirements and handle them at closing.
The most common situation we encounter: a Michigan landlord with a non-paying tenant, an active or pending eviction, or a tenant who has damaged the property. We purchase the property with the problematic tenancy in place and take over the eviction or negotiation after closing. You walk away clean. The tenant situation transfers with the property — it's your buyer's problem to resolve, not yours to finish before selling.
We purchase duplexes, triplexes, and small apartment buildings (2–8 units) throughout Michigan in addition to single-family rentals. Multi-unit properties with some occupied and some vacant units are within our scope. We evaluate the property on its current income, vacancy, and condition to make a fair offer.
Fill out our form or call now. Written offer in 24 hours. You choose the closing date. No agent commissions, no repair requirements, no financing contingencies.
7 Lakes Properties · Michigan-based since 2009 · 1,400+ homes purchased · A+ BBB
