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Updated almost 7 years ago on . Most recent reply
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Tenant moved out a week before closing - first deal
Hey BP,
In contract for our first deal past contingencies.. It had a tenant with a lease thru Jan 2019. Appraisal happens and the appraiser comes back saying the value of the property is contingent to a $100 reinspection to verify all utilities work. We learned that the tenant supposedly left without notice and the property is vacant. Closing date is in one week. What should I be concerned about , or what would you do?
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@Brian Dickerson I'd be fine with it. This way you can screen the new tenant after closing according to your standards and you know that they've been screened well. The previous tenant might not have even been screened by the previous landlord and for all you know you could have inherited a nightmare tenant.
- Jeremy Taggart
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