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Updated about 6 years ago on . Most recent reply
Inherited tenants left before lease ran out. Do I have recourse?
Seeking wisdom from the BP community.
I recently bought a 7-unit apartment building in Ohio. At the time of sale, some of the units were occupied by tenants who are on 1-year leases that have several months to go.
A couple of those tenants decided to skip town shortly after I bought the property, before their lease terms were up. They did not pay any rent to me. I don't know if they were current with the seller, but I think that's irrelevant.
Their leases obligate them to pay rent for another few months, but of course the leases only name the seller of the property, not me.
Do I have recourse to go after them for the remainder of their leases? Even if I do, is the pursuit likely to be worth my while, or am I better off just letting it go and focusing on finding new tenants?
Joel Fine