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Updated over 15 years ago,

User Stats

8
Posts
3
Votes
Travis Ringe
3
Votes |
8
Posts

Bought an investment house, renter occupied

Travis Ringe
Posted

Hey guys,
I bought a house at trustee sale in arizona. Before bidding I talked to the tenant and she said she was month to month. I then won the bid and went to talk to the tenants about their options. Her husband then tells me they are not month to month but rather they resigned a 1 year lease june 2 of this year. I want them out so I can do some upgrades and sell the house. I am not interested in the rental aspect. Under the new laws/regulations, do I have to honor the said lease or is the slate wiped clean and I can start the eviction process? The tenants are not thrilled about moving and I have made them offers and my agent has showed them exact floor plans around the same price and they dont seem to want to cooperate. Also, I purchased the home August 22, 2009, and they did not make rent august 1st. I dont know if that is relevant cause I did not own the home at the time. Any help would be appreciated!

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