Be sure to include essential details in this notice, such as the date, tenant's name, and the property address. Being transparent about the sale is vital.I would recommend giving your tenant two options: Sell at market price but with a seller credit, helping him cover his closing costs. The simple answer is yes, you can sell a property with a tenant still living in it. You would need to disclose the existence of the tenant and terms of the current lease. This guide elaborates on the tenant's rights you need to observe before selling your property to avoid confrontations or misunderstandings. While tenants in rent regulated or government subsidized apartments have special rights, many rules and laws apply to both unregulated and regulated apartments. A buyer can ask the renter to sign a new lease with him, but technically the tenant does not have to. Exceptions to Honoring a Term Lease. Yes, you can sell a property with tenants still living in it.