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Updated almost 6 years ago,
Buying a property with current renters
I have an offer on a property that has current renters thru June 2019. Am I right that the lease the tenants have with the current property owner will need to stay thru the rest of the lease terms? I would not be able to have a new lease signed once I would take ownership?
Just seems like a confusing concept to me that I wouldn't have an agreement between myself and the tenants while they would be staying in my property.