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Updated over 9 years ago on . Most recent reply

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Kathy Henley
  • Rental Property Investor
  • St. Louis, MO
424
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741
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Upstairs Tenant has no Lease

Kathy Henley
  • Rental Property Investor
  • St. Louis, MO
Posted

We are negotiating the purchase of a  duplex in St. Louis.  The upstairs tenant doesn't have a lease.  How does one fulfill a lease if there isn't one?

Kathy Henley

Red Bird Properties LLC

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Fred Heller
  • Real Estate Agent/Property Management
  • Houston, TX
827
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Fred Heller
  • Real Estate Agent/Property Management
  • Houston, TX
Replied

I wouldn't look at that as a negative. It's a beautiful thing. If the tenant is month-to-month you have every right to ask him to sign a lease on your terms. If he doesn't want to, then give him 30 days notice that you are terminating his tenancy if that's the time frame allowed in Missouri.

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