Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. 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 on . Most recent reply

User Stats

88
Posts
63
Votes
Tyler Rowland
  • Lender
  • Cedar City, UT
63
Votes |
88
Posts

House Hack, and Inheriting tenants.

Tyler Rowland
  • Lender
  • Cedar City, UT
Posted

Hey there Bigger Pockets Community!  This is my first discussion on the forum, and I'm here to talk about my first House Hack (which is under contract.)  We are Inheriting some tenants who seem great so far.  The contract with the previous owner ends in April 2019.  Do I need to honor the lease contract of the last owner? ( which has a lot of stuff I would change.)  Or, can I just have them sign the new contract which would have a rent increase and pet deposit/fee?  I live in Utah BTW.  Are there any members who have had the same issue?  How did you handle inheriting a tenant?  What would be the correct way to go about a new contract, and any other advice about house Hacking ext...

business profile image
Tyler Rowland with Intercap Lending
5.0 stars
36 Reviews

Most Popular Reply

User Stats

1,339
Posts
1,058
Votes
William Hochstedler
  • Broker
  • Logan, UT
1,058
Votes |
1,339
Posts
William Hochstedler
  • Broker
  • Logan, UT
Replied

I assume this is a multi-unit?  A duplex?

You will need to honor the lease.

Good luck.

Loading replies...