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Updated about 4 years ago, 10/20/2020

User Stats

16
Posts
5
Votes
Eugenia K.
  • New to Real Estate
5
Votes |
16
Posts

Requiring illegal rental permit be renewed for offer

Eugenia K.
  • New to Real Estate
Posted

I was wondering if anyone had experience with writing or receiving offers that required a property's rental property registration be renewed. If so, how was that constructed? 

For context, I'm in negotiations on a property that has been running a rental for over a decade without the proper ADU permits. The rental is registered with the city, though the registration expires in a couple of months. Therefore, it would expire post-close if I do nothing. Rather than my potentially running into issues in renewing it right after purchase, I'd like to add a requirement that the rental needs to be renewed by the seller prior to close, so I have adequate time to legalize the unit. 

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