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Updated over 2 years ago,
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?