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Updated over 5 years ago on . Most recent reply

User Stats

58
Posts
4
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Vibhu Arya
  • Mesa, AZ
4
Votes |
58
Posts

Closing 1st 4PLEX: Updating terms on existing Rental Contracts?

Vibhu Arya
  • Mesa, AZ
Posted

Hello, I'm looking to close on my 1st 4PLEX in AZ pretty soon and there are existing rental contracts going in for next 6-9 months. The clauses of these contracts are super week and was wondering if there is a way I can update the clauses without breaking the lease term or change in rents $ now itself? 

I understand that once the rental lease terms are over then we can for sure change /update - BUT I see it as a risk now because of some missing critical clauses which have not been included in the original rental agreements by the seller.

Thank you!

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