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Updated over 6 years ago on . Most recent reply

User Stats

29
Posts
4
Votes
Daniel Garcia
  • San Diego, CA
4
Votes |
29
Posts

In escrow and seller renews a yearlycontract with tenant 15 days

Daniel Garcia
  • San Diego, CA
Posted

Hey team, I was in escrow (have since closed) to buy a duplex and the two tenants were in 1 year leases ending in 4 and five months from closing.

After closing I get an email from my PM saying, hey btw a new one year lease was signed with one of the tenants.

My question is: is there a way to avoid this from happening in a future transaction? 

A clause or addendum to the purchasing agreement? I feel like the seller's PM did the tenants a favor and locked in their rent.

Thoughts and advice greatly appreciated!

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