Seller can’t find leases

[Tim Kaminski]

I am closing on a duplex Monday and the seller has been dragging his feet on sending over the leases of the current tenants and now he is telling my realtor that he cannot find the leases.

He has said verbally how much they are paying a month but does not know the deposit amounts nor terms of their agreement. Who is paying which utilities etc. Obviously my concern is that I have nothing to stand on if the tenants claimed that their security deposit was any amount of money at moveout.

I have not encountered this before. Any suggestions?

My only idea is to ask the current tenants for an email copy of their current lease.

[Charlie MacPherson]

You need estoppel certificates signed by the tenants ASAP - and assuming that your P&S made that a condition of the sale, you should refuse to close without them.