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Updated over 6 years ago,
buying a property under defaulted lease option
Does anyone have experience buying a property under a defaulted Lease Option. The current tenant in the property has not been able to purchase the property under his Lease option and refuses to leave. The current owner wants to sell the property but doesn't want the trouble of evicting him as he is arrears on his rent. If I purchase the property can I evict or do I inherit the Lease option of the bad tenant?