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Updated over 8 years ago,

User Stats

80
Posts
34
Votes
Michael Karl
  • Williamsville, NY
34
Votes |
80
Posts

Buying my first rental with existing tenants

Michael Karl
  • Williamsville, NY
Posted

I am currently in the process of buying a 3 unit rental in the Buffalo New York area.  All three units are currently rented.  One unit the tenant has only been there for 3 months and is currently under a 1 year lease.  But the other 2 units the tenants have been there over a year and are now on a month to month term.  After the purchase can I have the month to month tenants sign a 1 year lease?

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