Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Multi-Family and Apartment Investing
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 9 years ago,

User Stats

144
Posts
82
Votes
Tim Johnson
  • Investor
  • Becker, MN
82
Votes |
144
Posts

Maintenance call during property closing

Tim Johnson
  • Investor
  • Becker, MN
Posted

Hello BP!

Last week I purchased my first multi-family property, an 18 unit apartment building in Minnesota.  At closing, the previous owner got a call that the heat was out.  What I thought was going to be a simple fix has turned into a $1200 repair bill.  I'm quite sure that the previous owner did not know there was an issue.

The problem happened before closing, but the call did not come in until just after closing.  Who is responsible for the repairs?  I asked the previous owner to split the cost with me, he refused saying he had already given too many concessions on sell price, and since the call came in after closing it was my responsibility.

I was hoping he would split the cost.  Where is the line of old owner responsibility and new owner responsibility?  As part of the purchase agreement the previous owner will get a future payment from me.  If he were legally responsible for the repair I could short-pay this future payment.

Thanks in advance!  I know yall are not lawyers, I'm interested in your opinions.

Loading replies...