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Updated over 3 years ago,
Purchasing a triplex with a non paying tenant in New Jersey
Hi BP, I would like some advice on a triplex I will be acquiring on June 30, 2021. The current owner disclosed that one of the tenants (occupying the biggest unit) has not paid since April, 2020. His lawyer filed the eviction with the courts, but due to eviction moratorium no court date has been scheduled. I'm in NJ, and eviction ban is scheduled to end on July 15, 2021. I don't feel this is a deal breaker due to the additional units covering the mortgage & expenses, but I would like advice. Should I change the closing date from 6/30/21 to a date after July 15, 2021? I'm assuming I cannot collect or receive the past due amount to current owner? Also, once I obtain ownership, do I file with the courts again or can I pick up where the previous owner left off. I appreciate any advice and thank you for your taking the time to read my situation.