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Updated about 10 years ago on . Most recent reply

Paul Garcia's profile image
Paul Garcia's profile image
Paul Garcia
  • Flipper/Rehabber
  • from Barrington, IL
  • Member since Aug 1, 2014
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User Stats

46
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17
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Paul Garcia's profile image
Paul Garcia's profile image
Paul Garcia
  • Flipper/Rehabber
  • from Barrington, IL
  • Member since Aug 1, 2014
Connect
Paul Garcia
  • Flipper/Rehabber
  • Barrington, IL
17
Votes |
46
Posts
Buying & Selling Real Estate

Quick Questions About Lease

Paul Garcia
  • Flipper/Rehabber
  • Barrington, IL
Posted

Quick Question: I was gifted a rental property which had a tenant and lease inplace. The lease does not have my name on it anywhere, just the prior owner. I need to send my leases to the Bank. Do I need to update the lease somehow or can I just send the lease as is? I'm the sole owner and landlord of the property. I'm no lawyer, but I did not find anything in the lease about transfering ownerhsip.

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