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Updated about 10 years ago,
Seller with tenants but NO lease in place...
Hello BP World,
I have an interesting situation. I am looking at a property that is not under rent control. There is a tenant, but the home owner and the tenant never put a lease or rental agreement in place. The tenant has been paying rent for many years. This property is located in Oakland CA.
I am assuming that at the point which I close, I have the open option to either evict the existing tenant or offer them an actual lease.
I am just wondering if anybody sees any potential problems with getting this person out, besides a standard eviction process.
Thanks in advance,
Arlen