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Updated almost 5 years ago,

User Stats

406
Posts
37
Votes
Sami Gren
  • Rental Property Investor
  • new jersey
37
Votes |
406
Posts

Purchasing a property With tenant living fit free

Sami Gren
  • Rental Property Investor
  • new jersey
Posted

Hi,

I am purchasing a property and there is one tenant in the building that is living there rent-free since they work for the owner  , they told me that they either can have him vacate the property at closing or I can  have him sign a lease and pay me the rent.

I was wondering how you would go about it how can I make sure he is going to pay after I purchase the property, is a possible for me to sign a lease while I still am only in contract   and don't own the property , How would you go about in this situation?

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