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Updated over 1 year ago,
Non Renewal of Tenant
Hi everyone... I’m new to bigger pockets and new to real estate investing. I have a question regarding a potentially inherited tenant.
I’m set to close on a two family property in New Jersey. One of the two units is currently occupied by a section 8 tenant. I was originally advised that the tenant wished to stay long term. After my original offer was accepted the sellers advised that the tenant verbally expresssed their desire to vacate by the end of the year. I personally don’t mind closing on a vacant property since it would allow me to place my own tenants in each unit, but my concern is inheriting a section 8 tenant who “verbally” notified they would leave... but then doesn’t leave or causing any other headaches. I have no experience with section 8 tenants or with closing on a property under these circumstances. I don’t want my fear of an unknown to hold up the deal
Any suggestions on how to proceed or how to ensure the tenant is leaving? I appreciate any and all feedback.
Thanks!!!