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Updated almost 9 years ago,

User Stats

444
Posts
81
Votes
Jeffrey McKee
Agent
Pro Member
  • Real Estate Agent
  • Plano, TX
81
Votes |
444
Posts

Existing Tennants Lease Transfer with New Ownership

Jeffrey McKee
Agent
Pro Member
  • Real Estate Agent
  • Plano, TX
Posted

Hey everyone.  I recently purchased a duplex in Sherman Tx.  I inherited tenants on one of the sides.  

First question.  Does the existing lease transfer with new ownership?  I have a copy of the current lease, but am trying to get tenant to sign a new lease with all same rates, but my information.

Second question.  

The current lease states one tenant and one occupant.  There is a separate section for occupants.  How is the occupant held liable if at all for rent? I know that if there are multiple tenant's  then they are jointly and severely responsible.  On the new lease i am thinking i should add the occupant as a tenant.  

Thanks!

  • Jeffrey McKee

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