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Updated over 7 years ago,

User Stats

17
Posts
8
Votes
Tatiana Duarte
  • Architect
  • Union, NJ
8
Votes |
17
Posts

Buying an occupied property in NJ – lease expires in April

Tatiana Duarte
  • Architect
  • Union, NJ
Posted

Hello hello! 

I think this is a pretty straight forward question:

I’m looking to buy a condo in a managed building in New Jersey, which is currently occupied by a tenant whose lease expires in April.

-Must they remain in the property until their lease expires?
-Can I pay them to move out? If so, what determines that cost?
-If they stay in the apartment in April and pay rent to me, technically they are breaking their lease- would I owe the current landlord any fees associated with breaking the lease?

Thanks everyone!

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