Occupied Rentals - Tenants

[Brandon Johnson]

Newer to REI. Looking for rented OR tenant occupied duplexes in my area. Has anyone experienced dishonest agents, saying that property is rented when it is not. If they provide a lease, even if it's month-to-month, is that a binding part of the agreement? How does the lease transfer over upon closing. Does the tenant have to sign a lease with me to stay in the property. I'm not looking to change the terms.

I know, several questions. Any help would be appreciated. 

Thanks. 

[Mike McCarthy]

It's not uncommon to get 'slightly exaggerated' details verbally or in general while looking.  But when a lease is provided as part of the disclosures and part of the offer package, it's part of the contract.  But most people would always get estoppel letters signed by the tenants verifying the rent amount, security deposit, lease dates, etc.

Trust but verify.