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Updated over 4 years ago,
Inspecting Existing Leases
I am aware of the potential issues involved with inheriting tenants. That said, when considering the purchase of a property that is occupied, at what point is it customary to inspect the existing lease? Is that something that can/should be requested at the very beginning? Or is that something that occurs after offers are made/countered/accepted? I know providing that information is time-intensive. However, a lot of the listings I read seem to have overly rosy descriptions of the rentals.