Tax, SDIRAs & Cost Segregation
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated over 2 years ago, 07/22/2022
Whole Sale deal , tenants are on a 3 year lease
I have a property locked in contract and my buyer wants the tenants out right away. They have a year and a half left on their lease and on the lease there is nothing in there to buy out the tenants or anything, the only thing it says is,"
LEASE TERM: This Agreement shall be a fixed-period arrangement beginning on October I 2021
and ending on October 1 2023 with the Tenant) having the option to continue to occupy the
Premises under the same terms and conditions of this Agreement under a Month-to-Month
arrangement (Tenancy at Will) with either the Landlord or Tenant having the option to cancel the
tenancy with at least thirty (30) days notice or the minimum time period set by the State, whichever
is shorter. For the Tenant to continue under Month-to-Month tenancy at the expiration of the Lease
Term, the Landlord must be notified within sixty (60) days before the end of the Lease Term
Hereinafter known as the "Lease Term"
Would I be able to get the tenants out on notice?