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Updated over 5 years ago on . Most recent reply

User Stats

19
Posts
0
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Ryan Nodurft
  • Rental Property Investor
  • Denham Springs, LA
0
Votes |
19
Posts

New lease when buying a tenant occupied rental?

Ryan Nodurft
  • Rental Property Investor
  • Denham Springs, LA
Posted

I just bought a Duplex and at the closing the Agent said I had to provide the tenants with a new lease. I researched this before, and thought that the current lease would be in effect till the end date. What do I have to do?

It's in Baton Rouge, Louisiana

Most Popular Reply

User Stats

8
Posts
5
Votes
Jake Culler
  • Rental Property Investor
  • Port Vincent, LA
5
Votes |
8
Posts
Jake Culler
  • Rental Property Investor
  • Port Vincent, LA
Replied

Yes I would make a new lease unless the current lease is sufficient. Then you could just copy that lease and have your name/signature on it. 

I bought a fourplex last year and kept the same lease and just used the same terms and my signature/name. I didn’t notice there was not a rule against no smoking and had to smell cigarettes through the wall until her lease expired. 

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