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Updated about 2 years ago on . Most recent reply

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Commercial tenant eviction

Posted

Looking to purchase a property that has residential units and a commercial laundromat. 

the laundromat building is rented out but i want to remove them when I purchase the property to have that as another income on the property. 

they are a tenant at will, they own everything inside the building. 

just looking on how to go about evicting them.

thanks in advance

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Nathan Gesner
  • Real Estate Broker
  • Cody, WY
41,287
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Nathan Gesner
  • Real Estate Broker
  • Cody, WY
ModeratorReplied
Quote from @Christopher Juntura:

Get a copy of their lease and see what the options are. If they have a contract for two more years, you should honor that. If they are on a month-to-month or their lease ends in four months, then you can terminate them accordingly.

Question: why not keep the laundromat there and charge them market rent instead of sitting on a vacancy and trying to fill it with a new tenant? It's probably not easy to find a new laundromat space, so it's in their best interest to pay and stay.

  • Nathan Gesner
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