Buying MFH with existing leases I am not crazy about...ideas?

[Jennifer O.]

Hi BP,

Have an offer in on a MFH (competitive bid situation) and I have just received the existing 3 leases (that expire anywhere from 30 to 120 days after I take possession).

I'm not crazy about how the leases are written:

1. Obviously not written by an attorney (I'm the daughter of one....I'm picky about my contracts)

2. Includes internet and Direct TV, both of which I want to discontinue (internet I am on the fence, but no way on Direct TV...I don't want that service transferred to my name nor pay for setup). 

3. Lumps together water/sewer (building utilities) and individual unit utilities.  (not a deal breaker, but badly written).

4. Allows for tenants to change locks (after written consent). No way.

But it's mostly #2. I don't want to get into a new contract with Direct TV for my tenants. And I'm undecided about if I want to give them internet. But, is this basically 'the price of buying with existing tenants'?

I do want to evict all the tenants as I want to move into 1 unit and the others need some repairs/updating. So I'll have new tenants (and strong leases) within the first 5-6 months of ownership under my terms.

Thoughts?

Thanks

[Bjorn Ahlblad]

@Jennifer O. Those leases are expiring soon anyway.......just send the tenants notices of non renewal giving them the appropriate notice. Unnecessary evictions just create expense and headaches for the LL. All the best!