Inheriting illegal leases

[Ginny Shaw]

So we are still in negotiation for our four plex we will be missing our third closing date again Tuesday. Inspection showed that he has been running this building into the ground with no maintenance and leaving his tenants unsafe. We still believe it has good numbers and are still trying to make it happen. One of the issues is the leases we are inheriting are not legal texas real estate licenses but some crap he made up on a couple of pages with clauses in blatant breach of real estate law (discriminating against kids for a start) How do we go about honoring leases when these leases are not legal in the first place?