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Updated almost 7 years ago on . Most recent reply

User Stats

85
Posts
29
Votes
Nicholas Morgan
  • Cincinnati, OH
29
Votes |
85
Posts

Currently Occupied TriPlex - Lease Switch?

Nicholas Morgan
  • Cincinnati, OH
Posted
Hello everyone! I'm currently in the due diligence period of closing on my first rental property. It's a tri-plex with 2 of the units currently occupied. I will live in the 3rd unit. I'm located in the greater Cincinnati, Ohio area. What do I need to make sure of in regards to the lease as I transition into self managing/owning the property? Will I need an attorney to switch the lease into my name? What is the right way to do this so that the contract is with me and not the previous owners? I realize the lease goes with the property, so I can't just have them sign a new lease all together. However, I feel like the lease should have me as the leassor. Perhaps I'm mistaken? Thanks! -Nicholas

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