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Updated about 2 years ago, 12/02/2022
Advice Needed: Purchasing a home with tenants in place
Hi everyone! Looking for some insight for some buyers of mine - we are looking at a triplex for sale that has current leases in place through June, 2023. However, the sticky piece is that some of the bedrooms are non-conforming. For example one upstairs room does not have a window and the basement only has 1 egress in the living room but no egress in bedrooms. How would you go about absorbing that lease upon the purchase but also making sure you are covered as the new landlord/owner?? Any creative ideas??