Branner with no lease and property that I am buying.

[Joe S.]

So I have had a seller reach out and we have negotiated a price that’s extremely good deal for me. The challenge is they have a renter that they claim has been in there two years without a lease. 

Should I require them to get a signed lease prior to closing and them assigned that to me? Really I do not even want the tenants in there, but I don’t want to get a property where I end up in eviction court and the renter/potential squatter is saying one thing different than what the sellers told me.

PS I see that my title is jacked up,but I cannot edit it. Lol.

[Bob P.]

Quote from @Joe S.:

So I have had a seller reach out and we have negotiated a price that’s extremely good deal for me. The challenge is they have a renter that they claim has been in there two years without a lease. 

Should I require them to get a signed lease prior to closing and them assigned that to me? Really I do not even want the tenants in there, but I don’t want to get a property where I end up in eviction court and the renter/potential squatter is saying one thing different than what the sellers told me.

PS I see that my title is jacked up,but I cannot edit it. Lol.

If the seller is giving you a great price with a tenant occupant, there is a reason. He is likely having problems with the tenant. If I was the seller I wouldn't agree to getting a lease from a tenant I'm trying to get rid of in the hope someone will buy the property.

As the buyer, I'd do a little detective work and do a deep dive on the occupant. Job history, background check and so on. Is that legal to do? I don't know but I wouldn't blindly take a renter.

[Joe S.]

Quote from @Bob P.:

Quote from @Joe S.:

So I have had a seller reach out and we have negotiated a price that’s extremely good deal for me. The challenge is they have a renter that they claim has been in there two years without a lease. 

Should I require them to get a signed lease prior to closing and them assigned that to me? Really I do not even want the tenants in there, but I don’t want to get a property where I end up in eviction court and the renter/potential squatter is saying one thing different than what the sellers told me.

PS I see that my title is jacked up,but I cannot edit it. Lol.

If the seller is giving you a great price with a tenant occupant, there is a reason. He is likely having problems with the tenant. If I was the seller I wouldn't agree to getting a lease from a tenant I'm trying to get rid of in the hope someone will buy the property.

As the buyer, I'd do a little detective work and do a deep dive on the occupant. Job history, background check and so on. Is that legal to do? I don't know but I wouldn't blindly take a renter.

How do you gain information on the tenant? I don’t even know their name, etc..

[Bob P.]

Quote from @Joe S.:

Quote from @Bob P.:

Quote from @Joe S.:

So I have had a seller reach out and we have negotiated a price that’s extremely good deal for me. The challenge is they have a renter that they claim has been in there two years without a lease. 

Should I require them to get a signed lease prior to closing and them assigned that to me? Really I do not even want the tenants in there, but I don’t want to get a property where I end up in eviction court and the renter/potential squatter is saying one thing different than what the sellers told me.

PS I see that my title is jacked up,but I cannot edit it. Lol.

If the seller is giving you a great price with a tenant occupant, there is a reason. He is likely having problems with the tenant. If I was the seller I wouldn't agree to getting a lease from a tenant I'm trying to get rid of in the hope someone will buy the property.

As the buyer, I'd do a little detective work and do a deep dive on the occupant. Job history, background check and so on. Is that legal to do? I don't know but I wouldn't blindly take a renter.

How do you gain information on the tenant? I don’t even know their name, etc..

Well, that's why I said "is that legal to do". It depends on how it’s approached and why.

As a start, you can skip trace the property. There is likely a phone number and persons name that will come up, that you can reference, since he is having bills that arrive to the mailbox and packages to the door with his name on them.

You could make it a pre-condition to the seller that he allow a background check on the tenant before closing and your offer is contingent on your approval.

Neighbors typically know what's going on in the neighborhood and will know who the guy is and if he is a trouble maker.

He probably has a car and a private detective can run the plates.

And so on.

The information is readily available is the knowledge is worth knowing.