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Updated over 7 years ago on . Most recent reply

Rob Young's profile image
Rob Young's profile image
Rob Young
  • House Flipper
  • from Mason, Ohio
  • Member since Jul 31, 2014
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Rob Young's profile image
Rob Young's profile image
Rob Young
  • House Flipper
  • from Mason, Ohio
  • Member since Jul 31, 2014
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Rob Young
  • House Flipper
  • Mason, OH
13
Votes |
30
Posts
General Landlording & Rental Properties

Does a New Landlord Have to Honor an Existing Lease?

Rob Young
  • House Flipper
  • Mason, OH
Posted

I just took ownership of a rental property that is already occupied with tenants. Do I have to honor the existing lease agreement or can I make the tenants sign a new lease agreement with me? 

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Chris K.'s profile image
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Chris K.
  • Investor
  • from Baltimore, MD
  • Member since Sep 30, 2012
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Chris K.
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  • from Baltimore, MD
  • Member since Sep 30, 2012
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Chris K.
  • Investor
  • Baltimore, MD
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Chris K.
  • Investor
  • Baltimore, MD
Replied

You'd have to honor the existing lease. If you don't want them in you can offer to buy them out or an incentive to sign your new lease.

  • Chris K.
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