General Landlording & Rental Properties
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated about 8 years ago,
Help - first multifamily purchase - lease in place question
Quick newbie question. Looking at purchasing a multifamily (double) which has 1 tenant in place with a lease below market value. Do you have to honor that lease under the lease agreement terms with prior owner or are you able to require tenant to sign new lease under your terms?