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Updated about 1 year ago, 12/01/2023

User Stats

125
Posts
114
Votes
Tiamo Wright
Lender
Agent
Tax & Financial Services
Pro Member
  • Denver
114
Votes |
125
Posts

Property with tenants and no leases in place

Tiamo Wright
Lender
Agent
Tax & Financial Services
Pro Member
  • Denver
Posted

I found this multi-family that currently has tenants in place on a verbal month-to-month lease. The agent selling the property stated this is part of an estate sale since the owner passed away. Has anyone ever dealt with something like this before. If there are no copies if the lease what rights do I have as a new owner to get new leases in place?

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