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Updated almost 6 years ago on . Most recent reply
Tenant’s that have signed lease extensions, but no original lease
I just purchased my first triplex. The tenant on the 2nd floor has been there for 15 years. She signed a lease extension with the previous owner that guarantees her occupancy for the next 2 years at a fixed rent level of $1050. The only conditions specified in the extension are rent level and term... no other conditions listed.
Neither this tenant, nor the seller could produce an true/original lease agreement.... just the lease extension agreement.
Since there is no original documentation on conditions/rules for the property, what is enforceable? Can I create a new lease agreement that spells out rules and conditions (while respecting current rent and term listed in the lease extension agreement). Could I start charging additionally for things like off-street parking?
Furthermore- what if the tenant refuses to sign the new agreement with conditions, rules, and stipulations?
Most Popular Reply
Originally posted by @Steve Fey:
I just purchased my first triplex. The tenant on the 2nd floor has been there for 15 years. She signed a lease extension with the previous owner that guarantees her occupancy for the next 2 years at a fixed rent level of $1050. The only conditions specified in the extension are rent level and term... no other conditions listed.
Neither this tenant, nor the seller could produce an true/original lease agreement.... just the lease extension agreement.
Since there is no original documentation on conditions/rules for the property, what is enforceable? Can I create a new lease agreement that spells out rules and conditions (while respecting current rent and term listed in the lease extension agreement). Could I start charging additionally for things like off-street parking?
Furthermore- what if the tenant refuses to sign the new agreement with conditions, rules, and stipulations?
Those questions can only be answered by a local real estate attorney.