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Updated about 5 years ago,
How to remove tenants when acquiring a new property
Hi, I'm a beginner investor in Wisconsin. When you buy a new property that has tenants currently living in it, how do you remove them legally?
Specifically I am looking at buying a duplex and moving into half with an FHA home loan, with a property that is occupied on both sides.
A few of my questions are:
Is the lease the tenant has with the previous owner still valid? Does it bind them to the property?
If they don't want to move out do I have to go through eviction or is there a different notice/letter I need to serve them?
How soon can I have them out of the property or at least start the process? Ideally I'd like to move in as soon as I own it but I understand if I have to wait 30 days or whatever legal length of time is necessary to allow the tenants to leave.
Thanks for any help on this I appreciate it!