Skip to content
×
PRO
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
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
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 6 years ago,

User Stats

49
Posts
19
Votes
Chang Hee Lee
  • Real Estate Broker
  • Champaign, IL
19
Votes |
49
Posts

What to do with transferred leases?

Chang Hee Lee
  • Real Estate Broker
  • Champaign, IL
Posted

Hey BP,

Been a crazy few months... started a house flip at the beginning of summer and ran into some complications there and quite a few real estate deals that seemed to drag on forever. Now, I started managing a property for someone and many questions come to mind. 

The new property owner inherited two tenants but in their previous leases that stated the tenants renewed for the 2018-2019 school year, the payment and maintenance requests are forwarded to the former owners. I'm wondering if I just need to attach an addendum stating changes to these aspects of the lease to me and other parts of the lease as well or have them fill out entirely new leases? Any guidance would be greatly appreciated!

-Chang

Loading replies...