Florissant, MO rental property purchase with existing tenant

Florissant, MO rental property purchase with existing tenant

Chesterfield, MO · Member since 2016 · 3 posts · 0 votes

Have you ever bought a property with a current renter, who is at the end of their lease and plan on moving out? They have 2 months left in this case. Just curious if there is anything to pay special attention to in the sales contract.

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  • Asheville, NC · Member since 2017 · 385 posts · 274 votes
    7y

    Make sure you get their deposit and a copy of the lease if the seller has one. 

  • Chesterfield, MO · Member since 2016 · 3 posts · 0 votes
    7y

    Will do. The way it's setup currently is the deposit goes into escrow, and the tenant has to enter into a new lease agreement with us. Just didn't know if there were any other things to watch out for. Thanks for response.

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