I own a small eight unit apartment complex which I am selling. Sale should close in a month. I Just found about a vacancy.?

If and only if the purchase is contingent on full occupancy, clearly stated in the purchase contract, do you have to life a finger to accommodate and marketing to find a replacement tenant. The point being that the meeting of the minds that made the purchase contract is about the circumstances that exist with the property at that moment in time.

If no such contingency exists, the buyers expectations aren't your problem and besides he should know better than we don't live in a vacuum where everything remains the same. You don't have to prep the unit.

If the contingency does exist the seller can hold up the closing of the purchase, until a replacement tenant is found. But theorthetically that tenant could be you pay $1 in rent, unless otherwise stated in the contract.

Assuming you mean the buyer expects full occupancy not vacancy. Did your tenant skip out with no notice? Unless they skipped out then a vacancy should not be a surprise. Unless you have to completely redo the apt it should not cost $5000 for a unit turn either. Do the minimum repairs needed & rent it for cheap.

If your are required by the sales contract to have 100% occupancy then advertise the vacant unit for 50% (or less) of the normal rent and have the tenant sign a 1 or 2 month lease.

If you "just found out about it," that suggests that the tenant just gave notice on a month to month lease that the lease will terminate on February 29. Assuming that is the case, won't the sale close before the last day of the lease?

When a landlord sells a property, you cannot force the tenants out if they have

leases. The buyer must honor the leases until they expire.

However, if the leases are only month to month then written notices are sufficient.

The law is the law no matter what the buyer expects.

if the seller expects full vacancy you will have to do what you have to do the keep that space occcupied, maybe it would be worth it to convince the tenant to stay until the transaction is complete, the chances of getting a new tenant could be a problem

$5K to get ready for a new tenant what do you do?

If the buyer expects full vacancy, and you found out that one of the units will be vacent that is a good thing

when you sell you need to have both an attorney and a realtor, so ask either or both your question

yeah