Can Renters Signs a Lease Before I Close on Property?

[Kenny L.]

Hi,

I'm currently scheduled to close on a rental property at the end of September. The listing agent has found me a tenant that loves the home and would like to sign a lease as soon possible. I've down a credit, background check as well as contacted her previous landlords. 

Can I legally sign and accept a deposit for a property if I don't own it yet? They are looking to move in as soon as possible and I would love to have a lease signed before closing.

Thanks!

[Max T.]

You can do the whole process but the landlord will be the seller and the seller will need to sign. When you close the lease will transfer to you the new owner. Obviously you and the seller need to be on the same page.