I have a one-year lease for my rental house (in CA) that will expire
at the end of August, and I want to put the house on the market for
sale. The tenants have been good, but with interest rates going up
and the local real estate market starting to cool down, I think it may
be time to sell. I would like to let them stay there until the house
sells instead of making them move out at the end of August if they
want to, since they have said in the past that they want to stay as
long as possible. What is the right way to give them notice? If I
give them notice that their lease is not being renewed, they would
have to move at the end of August. If I want to let them stay until
the house sells, the tenancy will have to turn into a month-to-month
rental, which it does by default after lease expiration anyway, so it
seems there is no point in giving them a notice now. Under CA law,
once they have lived at the house for over 1 year, I have to give them
60 days notice to terminate the tenancy. Should I tell them that I
intend to put the house on the market in September and not actually
give them notice to move until I have a sales contract? That would
mean at least a 60 day escrow to give them time to move out.
If I do decide to just tell them their lease isn't being renewed, do I
have to give 30 days notice?
Thanks for your help!