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Updated over 8 years ago on . Most recent reply

Charles Jessup's profile image
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Charles Jessup
  • from Spring, Texas
  • Member since Apr 1, 2016
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Charles Jessup's profile image
Charles Jessup's profile image
Charles Jessup
  • from Spring, Texas
  • Member since Apr 1, 2016
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Charles Jessup
  • Spring, TX
2
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23
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General Landlording & Rental Properties

How can I protect myself when buying a leaseback house?

Charles Jessup
  • Spring, TX
Posted

I'm planning to buy a house, and the current owners want to lease it back for a month before moving out.  I'm ok with this, but want to protect myself in case there is new damage.  What I'm worried about is that now once they've sold it, they might not take such good of the house anymore.  What can I do to protect myself?  Do I need to do anything?

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Wayne Brooks's profile image
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Wayne Brooks
  • #1 Foreclosures Contributor
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  • from West Palm Beach, Florida
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Wayne Brooks's profile image
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Wayne Brooks
  • #1 Foreclosures Contributor
  • Real Estate Professional
  • from West Palm Beach, Florida
  • Member since Jul 27, 2012
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Wayne Brooks#1 Foreclosures Contributor
  • Real Estate Professional
  • West Palm Beach, FL
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Wayne Brooks#1 Foreclosures Contributor
  • Real Estate Professional
  • West Palm Beach, FL
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Have $5k or so held back from the sale in escrow.

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