My wife and I are closing on a triplex that was owner occupied, during the contact write-up the owner wanted to stay there for 30days after closing (for free) if he chooses to stay after the 30days he will rent for $550. (which is about $50-$100 under market). We agreed to this as the owner is very well settled and has lived there for 20+ years and we wanted a smooth transition.

Our realtor called last night and the seller is having a major surgery done in the next few days, the seller is asking to reduce rent ( to around $450) in exchange to help manage the property like mowing, adding salt to the softener.

I am very against this idea, it was the seller who wrote in the 30days for free and under market rent, which I think is very nice of me to agree to, I do not want the liability of him getting hurt while mowing, shoveling snow and such, also if he does these duties it gives the appearance that he is still in charge of the property and I do not want the other tenants to get that idea. I am not sure why he would want reduce when he is getting listing price of the property. We wanted to buy this property for the cash flow, not a charity handout.

My realtor advise me to think about the decision for a few days as we both want this sale to go smoothly as the seller has had cold feet before.

We live out of state but go to the area about once a month to see family.

What you do in this situation? keep to what was agreed to in the contact? Let the seller perform some duties for reduce rent(against this)? Let the seller rent for reduce amount with NO duties?

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triplex owner wants to stay, Less than 30days before closing

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