Since 2023, there has been a mass exodus of people leaving Denver, CO. In that year alone, the city’s residency decreased by more than 4,300 people, becoming one of the top ten cities people were leaving in 2023.
While the 2024 statistics record a 1.2% population increase, there are still many who choose to leave Denver to start their lives elsewhere. And if you’re one of them and a rental property owner, one of the things that might be holding you back is your occupied property.
Luckily, you can fulfill your dreams of greener pastures outside Denver, even with tenants still inside your property. How? The solution is to sell your Denver rental property for cash.
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Colorado’s Laws of Tenant-Occupied Properties
In Denver and the rest of Colorado, certain laws govern how and when you can evict tenants from your property, and among them are the state’s tenants’ rights laws.
These laws state that to evict your property’s occupants legally, you must only do so if you have a good reason. According to Colorado’s Revised Statutes, there are four valid reasons for you to evict a tenant:
- Failure to pay rent
- Violating the lease agreement
- Illegal activities
- The tenant chose not to renew their lease
Unless your tenants meet these conditions, they have every right to remain in your property.
Owners’ Rights to Sell Their Rental in Colorado
In Colorado, you, as a rental property owner, have the right to sell your property even if it has tenants. The only caveat is that you should still honor any existing agreement with your tenants. To this end, you should provide 24 to 48 hours’ notice before you show the property to a buyer and allow your tenants to remain in the property during showings.
Potential Problems That Need To Be Navigated
Given the state’s tenants’ rights laws, there are several challenges that need to be addressed if you’re selling your rental property.
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Tenant Resistance
While you do have a right to sell your rental property, your tenants may be uncooperative, especially during home stagings. We can attribute this to several factors. For the most part, your property’s occupants may simply be hesitant about moving out, so they may do everything they can to hinder your sale.
Challenges of Selling a Tenant-Occupied Property
It’s no walk in the park to sell a tenant-occupied property in Denver. Some buyers prefer to purchase vacant properties because they would like to move in immediately or remodel. Hence, with tenants, your property may remain on the market longer than expected.
Sales Delays
The eviction timeline can be lengthy in Colorado. From giving your tenants prior notice of your sale to the final eviction notices, you’re looking at a timeline of about 91 days.
Negotiating Tenant Buyouts
When tenants are aware of their rights, they may take advantage of the state’s laws to remain in the property. They may also leverage these laws by invoking their rights to certain reimbursements, like relocation costs and early lease termination buyouts.
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There Is a Solution: Sell It for Cash
So, what do you do when you can’t sell your property because there are tenants in it? Since the traditional method may not be tenable, your best bet is to sell your rental property to a cash buyer.
Cash buyers like us at ClearSale will buy your property as-is — occupied or otherwise.
Get a free cash offer today to find out how much your occupied rental property is worth.
How Our Process Works and the Benefits of Working With Us
We’re here to simplify matters when you’re selling your occupied rental property. To sell your property in Denver, all you need to do is:
- Reach out and give us information about your property
- Get an offer
- Get paid
It’s that easy.
By working with us, you can sell your occupied property for fast cash and do away with the stress of eviction. A quick sale also means you’ll be free from having to pay rental property taxes.
Lastly, because there are no hidden fees, your sale may also be more profitable than if you were to sell your property through a realtor.
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We Buy Houses As-Is in Any Condition
We mean it when we say we’ll buy your property in any condition. Get a free offer today if you’re house has any of the following problems:
- HOA Issues: Those mounting association complaints and violations won’t affect our interest in purchasing your property.
- Death Estates: We understand the sensitivity of inherited properties and offer compassionate, quick purchasing solutions.
- Bad Neighbors: A difficult next-door situation doesn’t diminish your home’s value in our eyes.
- Party Houses: Living next to constant gatherings and celebrations won’t deter us from making a fair offer.
- Hoarder Homes: We purchase properties filled with years of accumulated items with discretion and respect.
- Rundown Properties: Even homes in severe disrepair have significant value to us.
- Code Violations: Forget about bringing your property up to code — we’ll buy it no matter how many code violations it has.
- Damage: From minor issues to major structural problems, we’ll take your property exactly as it stands.
- Dirty Properties: Sell your dirty property to us no matter how much grime or mold is in it.
- Bad Rental Property Tenants: Let us handle your problematic tenants while providing you with immediate cash relief.
- Trash-Filled Homes: We’ll purchase your debris-filled property without requiring any cleanup on your part.
- Properties Needing Repairs: Don’t worry about making costly repairs. We’ll still buy your property no matter how bad a shape it’s in.
- Fixer-Uppers: That diamond in the rough you’ve been meaning to renovate is exactly what we’re looking for.
- Loud Neighbors: Disruptive neighboring properties won’t affect our interest in purchasing your home.
- Airbnb and Vacation Rentals: Properties near short-term rentals still hold value for us, regardless of the tourist traffic.
Find Out How Much Your Home Is Worth With a Free Offer
We’re prepared to pay you for your rental property, no matter its condition. Find out how much you can make and get a free offer today.
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Sell It to Us for Cash Quickly
You’re one offer away from selling a Denver house with tenants and being done with landlord responsibilities. Accept our offer today, and we can close your rental property’s sale in record time.
Read Our Reviews
By accepting our cash offer, you’ll join countless property owners who have sold their homes fast. Check out our reviews and see what our satisfied sellers have to say.
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