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Updated almost 8 years ago, 12/19/2016

User Stats

291
Posts
88
Votes
Tristan S.
  • Rental Property Investor
  • Boone, NC
88
Votes |
291
Posts

Tenant in place, no lease, what are the possibilities ?

Tristan S.
  • Rental Property Investor
  • Boone, NC
Posted

Hello guys,

I am in Texas, I have a question about the following situation, the seller has tenants in place, they owe money to the seller. No lease in place, most likely no deposit either, seller says that they are on a month to month situation. Tenants are family friends.

If I were to buy this house, what are my rights and the rights of the existing tenants? What would be the best way to approach the situation to get them out?

Thanks

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