Tenant documents access

[Raymond Guzy]

I have a buyer on a rental property requesting the lease and other tenant documents prior to closing on the property, is this customary?

I’ve not had this before.

[Jeff Willis]

Absolutely. It is part of their due-diligence. I would want to know everything about the property, the tenants, leases, etc. You probably claimed the value of the property was based on income from rentals, etc., well you need to validate it.  If I were the buyer, and you hesitated to provide the due diligence documents, I would walk away.

It is no different than a bank requesting W2's, employment verification, tax returns,  etc, during the loan process.