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Updated over 7 years ago,

User Stats

55
Posts
23
Votes
Ahmed Souissi
  • Rental Property Investor
  • Orlando, FL
23
Votes |
55
Posts

Bought a rental SFH with tenant in place and NO lease agreement !

Ahmed Souissi
  • Rental Property Investor
  • Orlando, FL
Posted

Hello BP Family ! 

So last week I closed in this SFH in Kissimmee Florida, Lats time I talked to the seller he said that the tenant is his sister and he doesn't have a lease agreement with here and I can raise the rent as soon I buy the property . she is paying 695$ and the market rent is 1200, after closing I went to the house and meet the tenant and told here that we will be raising the rent to to market rent ... she refused and asked me to wait 6 month until she find another place and not changing the rent...

Now I guess I'm between two choices: 

1- Negotiate the rent to the maximum that she can get me and wait until she leaves peacefully !

2 - give here 3 days notice and start an evection ( which is I'm not sure whats going to happen if I don't have lease agreement and I don't have any prove of tenant- landlord relationship )

what do you guys think 🤔 

thank you 

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