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Updated about 7 years ago on . Most recent reply
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What information should I seek when inheriting tenants?
When considering submitting an offer on a property which is at least partially rented (in other words, you would be inheriting tenants), what information/documentation is reasonable for me to request from the seller? Should I be able to ask for a copy of the tenants' current rental agreement, property expense history, etc.? What information would ask for to fully vet the property?
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Require a esstopal letter signed by both tenants and landlord. It will include all pertinent information, rent, deposits, special considerations, term of lease etc.