Buying & Selling Real Estate
Market News & Data
General Info
Real Estate Strategies

Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal


Real Estate Classifieds
Reviews & Feedback
Updated almost 3 years ago on . Most recent reply

Previous Owner Intentionally Change Lease Amount
I recently purchased a property that had an existing section 8 tenant. Prior to purchase, I was provided a signed copy of the lease for the existing tenant. After closing, payments through the housing authority were set up, and upon receipt of the first months payment, I noticed that it was less than the amount shown on the lease. Looking closer at the lease provided by the seller, it clearly looks like the amounts were whited-out and altered The housing authority provided me a copy of the executed lease that they had on file, which has no alterations, and it is clearly a different (lower) amount than indicated on the lease provided. Also, on the description on Zillow, the higher amount was indicated. So this is a clear instance where the seller falsified the rent amount to make the sale look more attractive. The seller didn't use a real estate agent. Anything to do in this situation, or just push through and move on?