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Updated over 6 years ago,

User Stats

81
Posts
41
Votes
Andrew DeWeerd
  • Rental Property Investor
  • Sarasota, Fl
41
Votes |
81
Posts

Inheriting leases at acquisition

Andrew DeWeerd
  • Rental Property Investor
  • Sarasota, Fl
Posted
When ya’ll take on tenants currently on a year long contract with previous owner, how do you prefer to bind the contract you’ve inherited to include you as the new lessor? 1) Just scratch out old name/address and wrote your name and have them initial/sign? 2) Create new addendum? 3) or do I need a new lease altogether? I’m in Florida, and I guess I’m not even sure if that contract is still valid, or if it fully transfers to me automatically, etc. lookin for some wisdom and advice! Thanks!

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