Multi-Family and Apartment Investing
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated over 1 year ago,
Expired lease agreements while buying a multi-family property
I'm in the process of purchasing an eight unit apartment with tenants already there. The seller manages the property himself, and does not have current leases on the tenants. We are still in the due diligence process before closing on the property. Should I ask the seller to provide current lease agreements before the closing or should I close on the property then get current leases on the tenants?