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 over 7 years ago,
Do I have to honor and old landlords lease
Hello BP,
I'm buying a duplex and it is already leased out. The current rent rates are severely under fair market value. The surrounding rents of at least two other duplexs within a blocks radius are renting for 1k a month on each side. My question is do I have to honor the previous landlords lease?