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Updated almost 3 years ago on . Most recent reply

Can an owner renew a Tenant Lease just before Title Transfer?
I am about to close on a triplex. We are inheriting two tenants (one unit is vacant). During the due diligence we were given the information that the respective leases ended 7/1/22 and 8/1/22. Now, one day prior to close, we have been forwarded the actual lease agreements and it appears that the current owners have created a new lease for one of the Tenants for a period beginning 7/1/22 and ending 7/1/23. Are they allowed to do this? Do I have any recourse here?
Most Popular Reply

@Cassie Mcconville, did you put in your contract or an addendum that both parties signed to not renew or lease any of the units?
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Engel & Völkers | St. Pete
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