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Updated almost 7 years ago, 12/28/2017

User Stats

36
Posts
5
Votes
Mark Davis
Pro Member
  • Phoenixville, PA
5
Votes |
36
Posts

inherited a tenant from a judicial sale purchase!

Mark Davis
Pro Member
  • Phoenixville, PA
Posted

My brother and i purchased a house at a judicial sale in Chester County.

the house has 3 units in it.   we had visited the house several times prior to the sale, knocking on the doors with no response.

after the sale, i visited it a couple more times, we did not change any locks yet because the house was secure and appeared in good shape.

much to our surprise, this weekend, while we were getting ready to change the locks, a spry but elderly gentleman presented himself and asked what we were doing...  turns out he was a tenant of 11 years in one of the units!..   he invited us in and it turns out that he kept a very clean place no big issues.

now, while we did intend to rent the units...   we did not anticipate doing so so quickly.

this is in Coatesville pa...  Chester County

any suggestions on 

1. a lease template

2. getting a "landlord license" for Coatesville... i believe one is required.

3. collecting rents/transfer of lease

4. any other pitfalls that we may not even know we don't know

TIA

mark

  • Mark Davis
  • Loading replies...