Info to collect on tenants-in-place

[Sheena Lee]

I’m purchasing a triplex with existing tenants in all 3 units. I will be asking them to complete a form to obtain pertinent information about them. (I am not getting anything but names from the seller---he is very sloppy) 1) What info should I obtain—was planning to get full names, work info, phone (the obvious stuff). 2) In terms of social security numbers, do I have to explain to them why I am asking for this? I want to screen them properly and have this in case of eviction. Is this reasonable? I appreciate any other advice. Thank you!

[David Hutson]

What I have done in the past is to ask the tenants to fill out a new application.  I get little push back since I'm the new owner.  I explain I would like to have a fresh start.  A new app also gives you new info in case the previous app is outdated.  Treat them like a new tenant you would rent to but I don't recommend charging them any fees to process the app.

The estoppel letter is also good.  You want to know what they are paying for rent and what they think their deposit is.  Waiting until they move out isn't the time to find out they state they have a much higher deposit they are expecting back.