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Updated about 11 years ago on . Most recent reply

User Stats

114
Posts
2
Votes
Joseph Tarallo
  • South Amboy, NJ
2
Votes |
114
Posts

Existing lease on a new purchase question?

Joseph Tarallo
  • South Amboy, NJ
Posted

Hi I am planning on purchasing a multi family home that has 2 units occupied. I understand that you have to honor a existing lease as a new buyer on a regular sale. Is there an exception if it is a bankruptcy ? I want to buy this house as owner occupied not a investment property. I want to move in, but the lease is not up until 2015, does anyone have any answers?

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