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Updated over 5 years ago on . Most recent reply

User Stats

10
Posts
1
Votes
Kenneth G.
  • Rental Property Investor
  • Williamsburg, VA
1
Votes |
10
Posts

Multi family Offer question

Kenneth G.
  • Rental Property Investor
  • Williamsburg, VA
Posted

Hello everybody, I am putting together my first offer on an occupied duplex. I have a question about the language to use when requesting the leases for review of the current tenants. The question is a straightforward one, how should that request read?

One other question, if I’d like a copy of the maintenance logs and move in inspections should that be in the contract. If so, how should that read.

Thanks for your help.

Kenneth

Most Popular Reply

User Stats

59
Posts
39
Votes
Jacob Price
  • Property Manager
  • Roanoke, VA
39
Votes |
59
Posts
Jacob Price
  • Property Manager
  • Roanoke, VA
Replied

I'd recommend putting the leases in the contract as a contingency.

"Sale contingent on the buyer receiving the current leases for review"

The second part that you mentioned, well..., may not get so lucky on that. Depending on the owner/management they may not have great records. You can ask, but I wouldn't be surprised if they can't provide them. 

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