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Updated over 2 years ago, 04/13/2022
Liability question for taking over a property
Hi! We are in the process of buying a flip house that has a tenant. Unfortunately the house is in terrible shape and will be a complete gut job so we don’t feel comfortable letting the tenant stay due to liability issues; however in our state (TN) I believe we have to give him 60 days notice to vacate. I want him to have time to find a new place to live, but we will close on the property before the 60 days and I am nervous to be responsible for any safety issues for him (and there are several). Does anyone have a suggestion for us drafting some kind of agreement to let him stay for the 60 days to give him adequate time to find a new home, but for us to not be liable for pre-existing conditions once we take ownership of the property? Didn’t know if we could draft this in a lease (he currently has no lease and pays month to month) or if would need to go through a lawyer for this, and if so what kind. Thanks!