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Updated about 6 years ago,

Jeffrey Ward's profile image
Jeffrey Ward's profile image
Jeffrey Ward
  • from Maryland
  • Member since Nov 11, 2018
Connect

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32
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5
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Jeffrey Ward's profile image
Jeffrey Ward's profile image
Jeffrey Ward
  • from Maryland
  • Member since Nov 11, 2018
Connect
Jeffrey Ward
  • Maryland
5
Votes |
32
Posts
Starting Out

Pre-Existing Option Contract On Rental

Jeffrey Ward
  • Maryland
Posted

How does it work when you buy an investment property where the previous owner had an option to sell contract with the current tenant? Will the consideration payment be paid forward to me and then I am short an option contract with the current tenant? Does the seller buy back the option from the current tenant for a premium? It's hard to wrap my brain around. Thanks!

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