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Updated about 10 years ago on . Most recent reply
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buying a current rental and may need to evict tenant
hello BP
I am considering purchasing a property that is currently a rental. Not sure how the lease is written up between existing Tennant and LL. But I know they are behind on rent.
If I buy the property what are my options. force them to sign a new lease? Evict and start fresh with someone I have vetted? Or am I bound by some else's lease?
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If the current tenants are behind on the rent have the current owner start eviction procedures. If they do not, you must have a copy of the current lease, the tenant's application and the rent roll. This is material to your purchase offer. If you are planning on buying a problem your purchase price should be reduced so that you are well compensated for solving the problem.