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Updated over 7 years ago on . Most recent reply

User Stats

28
Posts
7
Votes
Christian Ferreira
  • Rental Property Investor
  • Dunstable, MA
7
Votes |
28
Posts

Execution of Summay Process Agreement in MA

Christian Ferreira
  • Rental Property Investor
  • Dunstable, MA
Posted

Hello Everyone,

I recently purchased a duplex, we got a steal on the price however we have to deal with finishing off the eviction on one of the apartments. Prior to closing I had gone to the housing court with at the time the current owner and the upstairs tenant. Instead of going in front of the judge, the owner insisted on going to peer mediation and working out a deal. After all was said and done we allowed for the tenant to stay until 8/30 as long as he paid his rent on the 8/1. He ended up paying late on 8/3, we however did not file for execution of the agreement. They have about 20 days left to move out, they have expressed to me how difficult it is for them to find a new rental apartment. It seems as though they will likely not find one and I will be forced to execute the agreement. This is my first time dealing with this type of situation, I am reaching out to my fellow BiggerPockets members for advice on what my next steps will be.


How do I execute this agreement in the fastest possible way? - I need to do it as soon as 8/30 has passed, because I have new tenants who want to move in ASAP and we still need to get the place sprayed for bed bugs, carpets, paint, and appliances.

Will/ Should I hire an attorney to take care of this or is it something I should do myself to gain the experience and save money? If I hire an attorney does anyone have an estimated cost?

Thank you,

Christian

Most Popular Reply

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3,269
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2,367
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Ann Bellamy
  • Lender
  • Tyngsboro, MA
2,367
Votes |
3,269
Posts
Ann Bellamy
  • Lender
  • Tyngsboro, MA
Replied

Because it's MA, one of the most tenant friendly states in the country, you should not attempt your first time without an attorney.  One small mistake (you don't know what you don't know) and you can find yourself with a long term tenant living for free and your paying them damages to do so.  

Those from other states will find this unbelievable, but MA investors and landlords know how tough MA can be on landlords.  If you want a referral, I'll send you one.  

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