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Michael Elliott's profile image
Michael Elliott's profile image
Michael Elliott
  • Member since Jun 8, 2021

User Stats

33
Posts
8
Votes
Michael Elliott's profile image
Michael Elliott's profile image
Michael Elliott
  • Member since Jun 8, 2021
Michael Elliott
8
Votes |
33
Posts
General Real Estate Investing

Existing Lease on Land North Carolina

Michael Elliott
Posted

Looking at purchasing some vacant land in NC that has an existing lease on it to a 3rd party.  The lease was recorded with the county but has no terms in it stating that lease transfers with a property sale.   If we were to purchase this property, would we have to honor an existing lease?

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