Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
General Landlording & Rental Properties
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 7 years ago on . Most recent reply

User Stats

20
Posts
5
Votes
Joseph Torres
  • Durham, NC
5
Votes |
20
Posts

Taking over existing lease in NC

Joseph Torres
  • Durham, NC
Posted

I'm currently in the middle of closing on a quad-plex in Burlington, NC. Every unit is currently rented for the next year, which is a good thing. I have all of the leases and everything looks good. I just did final walk thru yesterday and noticed that a tenant has cats which is not part of the lease agreement. The existing owner has asked that they remove the pets but I have a feeling they will not. My question is this. I know that I have to honor the existing lease which I'm fine with but can I make an amendment and require them to give me a non-refundable pet deposit and additional money per on the rent? Or, I have to hope this person actually removes the pets per the discussion with previous owner. 

I don't love the idea of pets because they can cause damage but I would be OK with a cat especially if they already had it before I took over ownership. I have another duplex that purchased 6 months ago but I was able to hand pick those tenants and selected those with no pets. 

Not entirely sure on my options.

Loading replies...