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Updated about 12 years ago on . Most recent reply
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New In Landlord business help!
I bougth my firts 2 familly home im gonna leaving there, the 2 floor o ready has a tenants how can i get those tennants in a lease agreeament if they dont want the lease how can i make this tenants move out before i move in any help will appreciate.
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You should stop by the property to check if there are 2 electric meters on the property. If there is only one, then YOU are the one that will be paying for all utilities. If there are 2, then the Bank may have been paying for utilities for both of them until it is sold, which you will now be required to pay and the tenant can feel free to abuse, unless you can convince the existing tenant to take over their meter, or find new tenants that will.
Remember, you dont have to take ownership or sign any papers UNTIL you have all of your questions answered properly and completely. If they can't answer your questions, tell them you can put off the closing until they get you those answers. Call your realtor now and have them find out these answers before you show up to sign paperwork.... Ask for a copy of the lease from the bank. If no one can produce one, you'll be going the eviction route that jon suggested above. that or paying the tenant cash in exchange for keys to avoid having to evict them if they are unwilling to pay your new market rate AND take over the utility bills for their unit.