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Updated about 5 years ago on . Most recent reply

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Rachael A. Tanner
  • Bay Area
11
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42
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What to Do When a Transaction Includes False Documents?

Rachael A. Tanner
  • Bay Area
Posted

I recently purchased a 2-unit property in Georgia. I live in San Francisco.

During the process, our real estate agent provided good service. Including providing the leases for the tenants that are in place.  I didn't do my due diligence of speaking to the tenants, though one had not actually move in yet. 

After closing I communicated with the tenants regarding change of ownership, new place to send rent, etc. One of the tenants produced a different copy of the lease that states the rent is $900 a month.  The lease provided by the sellers said the rent was $1,000 a month. 

Any suggestions what to do? Clearly someone is lying and I'm not sure who it is. 

The leases have the same date. There is only one signature page, though. 

Any help is appreciated!


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2,350
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Brian Garlington
  • Realtor
  • Oakland, CA and a Real Estate Investor with Multi-Family Units and a Self Storage Facility
2,389
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2,350
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Brian Garlington
  • Realtor
  • Oakland, CA and a Real Estate Investor with Multi-Family Units and a Self Storage Facility
Replied

ALWAYS have the tenant fill out an estoppel. If they won't fill one out you tell the agent you aren't closing. As another poster has said....let the agent get it sorted out and let the agent know you need to know this info ASAP.  Let them know that IF they do not let you know ASAP, then you will be contacting their broker.

With that being said, IF you find out that the tenant is lying, then you have a decision to make regarding what to do....If it's the tenant that hadn't moved in yet...then they are clearly starting off on the wrong foot with you and I would actually evict them ASAP before they get too comfortable in the place. 

Out of curiosity, why isn't your property manager also involved in handling this?

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