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Updated about 10 years ago, 08/28/2014
Buying a property with tenants i do not want
I am a new wholesaler and i have a very good lead on a property with tenants. My strategy is to retail the property on the mls. Am i required to honor their lease as long as they are current on rent after sale is complete? Will i need to evict them to get them out or offer them cash to move?
The property is in northeast Ohio
James Wise
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James Wise#1 Ask About A Real Estate Company Contributor
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Yes if they meet their lease terms you must honor it.
Doesn't mean they wont take you up on your cash for keys offer.
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No grounds for eviction. You will have to buy them out or wait for their lease to end.