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Updated almost 6 years ago,

User Stats

21
Posts
2
Votes
David Jesse
  • Jax, FL
2
Votes |
21
Posts

Copies of leases after acceptance of offer?

David Jesse
  • Jax, FL
Posted

I'm buying my first rental property. It's the first house I'm buying. It's a duplex which has two tenants in it already.

The agent says I will get the lease agreements after the seller accepts the offer and if I don't agree with it, there is a contingency. In the contingency it says

"Seller to provide copies of all leases within 3 days of acceptance."

Is that enough for me to back out of the offer if I don't like something in the leases? or it should say something along

"Seller to provide copies of all leases within 3 days of acceptance, and the buyer would have to agree/accept the terms of the leases"

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