Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
General Landlording & Rental Properties
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 8 years ago on . Most recent reply

User Stats

7
Posts
1
Votes
Cat L.
  • Investor
  • Euless, TX
1
Votes |
7
Posts

Can I ask/incentivise inherited tenants to sign my lease?

Cat L.
  • Investor
  • Euless, TX
Posted

We just purchased a property with existing tenants and a 12 mo lease in Texas (Tarrant county). They are brand new so we have no idea of their quality (and the previous landlord didn't even get a security deposit!).

We don't want to change their rent/basic terms, but we'd like them to sign our lease as theirs is a bare bones affair that doesn't address a number of fine points we like to have covered.

As I understand it, we can't make them change terms, which is fair. But could we offer to take $100 off next month's rent if they agree to switch to our lease? I assume there's no legal impediment to the willing transfer of terms from one lease to another, but I can't find this exact situation addressed.

Thanks for any help!

Loading replies...