seller signed new (lower) rent lease before closing

[Chris Matheson]

Hello, I am under contract for my first duplex. After going through the initial due diligence period we are now waiting on the appraisal and then we are cleared to close. I went by the unit yesterday to speak with the seller on a few things and was informed that one of the tentants had signed a new lease and the rent was for less than what was disclosed before we made our offer. I am curious if that is legal or if the seller has violated the terms of the agreement.

[Russell Brazil]

If your contract does not address anything having to do with the tenants leases, then the seller can do with their property as they wish while they still own it.