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Updated over 8 years ago,

User Stats

26
Posts
7
Votes
Irene Chen
  • Investor
  • Tampa, FL
7
Votes |
26
Posts

Am I missing anything? Inheriting Tenants

Irene Chen
  • Investor
  • Tampa, FL
Posted

We are in the process of closing on a duplex in St Pete.  One of the units is occupied with a new lease so we are inheriting those tenants. I wanted to make sure we're not missing anything before we close:

  • Requested an estoppel agreement to be signed at the final walk-through
  • New/updated lease will be signed honoring the previous terms
  • Requested to see the rent roll
  • We have a copy of the lease
  • The sellers agreed to replace the roof before we close; we asked for the roofers information to make sure they are licensed/will pull a permit, and to get information on the roof.
  • Will confirm that security deposits will be transferred

Another concern/question I had is about paying cash for keys.  The tenants are smokers, have a record, and are possibly getting a dog (through some type of disability program) even though their current lease says 0 pets.  We were thinking of giving them 2 months rent and asking them to find a new place.  Is this legal if they agree?  Can anyone think of anything to be careful about?

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