Buying a rental that tenant didnt pay rent.

[Brandon Moreau]

He BP community.

I am set to close on a property where a Tenant has put in the vacate notice, but plans to stay in the unit for 11days past closing. Everything would be good except they didnt pay rent and dont plan to. The managment company said they were keeping the damage deposit to cover back rent. My thought was if they ( managment company ) agreed then the damage deposit should transfer, and uncollected rent would be the sellers responsibilty. I also would need to file suit to collect 11 days of unpaid rent if i so choose. Whats your thoughts, should damge deposit be transferred, or should the unit be vacant on/before closing. Lesson learned here, always put rents/deposits in closing, here I thought it would be good outside closing..

Thanks

BM

[John Teachout]

Personally, I'd require the unit to be delivered vacant. Push back the close if you need to. This will be YOUR tenant after close and if they decide not to leave, Then YOU will have to evict them. Too many loose ends. Require it to be delivered empty.