Seller unwilling to share leases on fourplex

[Krystal Maldonado]

My partner and I are looking at investing in a fourplex that is more apartment style. When doing the due diligence (there is an awesome checklist on the files page) I asked for information about the current tenants and their leasing agreements. The seller said "Leases and information would only be provided with an accepted offer". This threw up a major red flag for me. Has anyone else had experience with this? If you were in my shoes, would you be worried? How would you handle it? I am a new investor and from the research I have done I don't see this as normal but would love to hear the thoughts and experiences of someone more seasoned than myself. Thanks for your wisdom!

[Mark H. Porter]

Krystal, my apologies.  Your initial message only had the title in it when I read it.  I as probably in a slow internet area.

I’ve made offers based on a rent roll given to me along with expenses.  However, my contingencies, aside from financing and inspection, always includes my acceptance of the current lease agreements.