Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
General Landlording & Rental Properties
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 5 years ago on . Most recent reply

User Stats

7
Posts
2
Votes
Luke Simonetti
2
Votes |
7
Posts

Hold-over Tenant in Georgia

Luke Simonetti
Posted

A couple of days ago we purchased a flip in Gwinnett County. This was not a short sale, REO or a foreclosure. Upon a walk through before closing, we discovered the occupants are still there.

The purchase & sales agreement stated that "buyer shall obtain possession at closing - property shall be free of all tenants & occupants as well as personal property".

The mother of the family owned the property; she lives in Michigan. Her children (2 of them) currently live at the property (ages in mid 20's).

We closed on the property, and drafted a contract with the wholesaler (Who was the POA for the out-of-state owner AND is a family friend of theirs) to delay disbursement of assignment-fee funds until the property is vacant.

The occupants said they would be moving out by this weekend. Now they're saying it may be at the end of the month, though they claim they got approved to move into an apartment, etc etc..  

I want to post a Notice to Quit or a Demand of Possession, but I'm afraid that will imply we have a tenant-landlord relationship. It also can imply that they owe us rent. Neither are technically true. (There is no written or verbal lease in place since it is the children of the mother who owns the property; it's just family members).

Aside from the advice of "seek a real estate attorney", what is the best next step for us?

Any advice is appreciated!

Loading replies...