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Updated 4 months ago on . Most recent reply
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After transferring ownership, when does 30 day period to evict start?
I just acquired a triplex in Arizona. One of the tenant’s lease expires on 10/24/24 in less than a week. I am closing tomorrow 10/18. I plan to hand deliver the 30-day notice to vacate tomorrow 10/18. Does the tenant have 30 days to vacate the premise starting on 10/18? In other words, would he need to vacate by 11/18? Or does the tenant have 30 days to vacate the premise starting on the day rent is historically due? So if tenant was paying rent on the first of the month, will he now have until 11/30 to vacate the premise even if I deliver the notice tomorrow 10/18?
Thanks for the advice.
Kelsey
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@Kelsey Vander Meulen Leases transfer with the property. You will not need or want a new lease. If you were to enter into a new Lease, you would also restart the Notice periods. Let the old lease roll over month to month. Be sure they receive the Notice of Non-Renewal in October, and the property (unit) should be back in your possession at the end of November.
On another note, the Property Management agreement does not transfer; it will end at the moment of the recording (sale).