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Updated almost 8 years ago,
Existing Leases in an Apartment Building
Hey BP community. I'm doing my due diligence on a 9-unit building in Baltimore, MD and one of the items we asked for from the listing agent is the current leases for the tenants living in the building today. He replied that this is something typically given AFTER an offer is accepted, which is just about the biggest pile of BS I can think of. Wanted to get your thoughts on whether or not I'm off base.
We did also ask for 1 year of rent rolls and expenses and they only gave us April 2017. Not much to work with but we can see how much rent they're charging for each unit on the rent roll and who is behind on rent. That's a start but not really the full picture that we asked for.
Any thoughts? Thanks!