What was your experience?

[Leo Don]

Hello Bp,

I'm looking to OOC a property that i am considering buying and the property has all the units leased with tenant. I would like to know is it possible for me to first put the property under contract and then evicting the tenant or i should put a contingency based on the seller evicting one of the tenant before closing. Also, when i buy a property fully occupied In connecticut do i have to obey the lease or is it possible for me once i become the new owner for me to set up my own new lease for those tenants?

I appreciate all your proactive responses.

Thanks

[Jeremy Pace]

@Leo Don as far as I know, you won't have an legal recourse to evict a tenant until you are the owner.

You are constrained by the leases currently in place, but you may replace them within the language of the current lease.  So if the lease say you have to provide 30/60/90 days notice, then that is what you should do to get everyone over to your lease.

In your case, it sounds like you ought to make the sale contingent on the eviction AND REMOVAL of the tenant.