Sell a Rental Property With Tenants in Yonkers, NY

Selling a rental property with tenants in Yonkers can feel like navigating a maze. You're balancing your need to move on with your tenants' rights and their daily lives. We understand the complexity, and we're here to offer a straightforward path forward.

Selling an occupied rental in New York

✓In New York, a fixed-term lease generally survives a sale — the buyer takes the property subject to it.
✓Tenants keep their rights during and after the sale; reasonable notice is required to enter for showings.
✓The security deposit obligation transfers to the new owner at closing.

This reflects the general New York process as of 2026-07 and is not legal advice — confirm the specifics of your situation with a qualified attorney.

The Yonkers market

Across New York, the typical home value runs around $550k. In Yonkers, selling as-is — no repairs, agent fees, or months on the market — lets you close on your own timeline.

Why Yonkers homeowners in this situation sell to Sell My House As Is Quickly

✓An as-is cash sale lets you bypass traditional listing hassles — no need for repeated showings that disrupt your tenants.
✓Because we buy properties subject to existing leases, your tenants can stay in place, and you avoid the cost and conflict of eviction.
✓A cash sale closes on your timeline, minimizing the period of uncertainty for both you and your occupants.
✓You won't have to worry about transferring the security deposit — we handle that at closing in compliance with New York law.
✓Our process respects tenant rights: we work with reasonable notice requirements, keeping the sale as low-impact as possible on your rental.

Can I sell my rental with tenants still living there in New York?⌄

Yes, you can sell your rental property even if tenants are still living there. In New York, the lease generally survives the sale, meaning the buyer takes ownership subject to the existing lease and the tenants' rights remain intact.

Do I have to give tenants notice before selling?⌄

While New York doesn't specify an exact notice period for selling, you are required to provide reasonable notice before entering for showings. It's wise to keep an open line of communication with your tenants, and for specific legal requirements, consult a qualified professional.

What happens to the lease when I sell?⌄

In New York, a fixed-term lease generally survives the sale. The buyer takes the property subject to the existing lease, meaning the lease remains in force with the new owner stepping into your role as landlord.

Do I need to return the security deposit?⌄

No, you do not need to return the security deposit to the tenants. At closing, the obligation for the security deposit transfers to the new owner, who becomes responsible for holding and returning it according to New York law.

Other situations we help with in Yonkers

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