Arizona is becoming a very crowded state. After the pandemic, many people moved to this state to call it their new home. It was one of the fourth most sought-after states to move to post-pandemic. Many cities in Arizona rank high on several best places to live lists. Oro Valley is no exception. Unfortunately, this explosion in population is putting a strain on housing throughout Arizona. Not only is lack of housing an issue but the lack of affordable housing for some of the most critical populations, including seniors, first responders, police officers, teachers, and first-time home buyers, is also an issue. Oro Valley realtors have their work cut out helping home buyers find suitable housing. Many home buyers are opting to rent a home while they wait to purchase one. Here’s more on your pressing questions about renting a home in Oro Valley.
Can You Face Eviction If a Home Owner Wants to Sell?
Fortunately, the answer is no. As a home renter, you are subject to tenants’ rights when a landlord sells a property. So, if you have a legitimate rental agreement, a homeowner can’t sell their property from underneath you. As a matter of fact, if a homeowner decides that they want to sell, they will usually inform the current tenant to allow them the ability to purchase the home first. This is known as the right of first refusal in real estate. What this means is that if you want to buy the rental property, the homeowner extends the right to you to secure funds to purchase it before other buyers make offers.
What Happens If You Don’t Want to Buy the Property?
If you don’t want the rental property, you don’t have to buy it, but this doesn’t put your ability to live in the home in jeopardy, either. You will have to compromise with the homeowner, however. After all, the property is theirs, and if they plan to sell, they will need access so potential buyers can view the property. So, you will have to allow the homeowner the access necessary to show the property.
Fortunately, they can’t just enter the home whenever they want. They will have to make suitable arrangements and give forewarning before a showing. Typically, 24 to 48 hours’ notice is necessary. But, since Arizona doesn’t have firm laws regarding this matter, you and the homeowner will have to determine when the best time to visit and how much notice they should give. The more cooperation there is between the tenant and the landlord, the easier this process can be.
Do You Have to Help the Homeowner Sell?
As a renter, you are not obligated to help a homeowner prepare the house to sell. Of course, you will still have to maintain the rental property as part of your responsibility as a renter. However, you don’t have to actively participate in staging the house unless you and the homeowner discuss a mutually beneficial agreement, such as providing you with money from the sale or taking you out to dinner if you cooperate with them.
Buying a home can be challenging, especially in a market like Oro Valley, where affordable housing is becoming increasingly harder to find. But as you await your dream home, you can rest assured that as you rent a home, you won’t have to worry about a homeowner removing you from the property unless you have violated the terms of your lease.
