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Updated almost 5 years ago on . Most recent reply

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Susie Ruffini
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Inherited Tenants and Estoppal Agreement

Susie Ruffini
Posted

I made an offer on 5 unit multi property and asking for contingency clause in PA to review actual lease agreements or get estoppal note from each existing tenant. I was send a blank lease agreement and received the following email from the seller.

“Please understand that by law I am not able to provide you with any documents that my tenants personal private protected information is on, but at closing you will receive the files”

Is this true? I don’t feel comfortable signing PA without reviewing the actual leases. How would I know if the blank lease she sent is the actual lease they all signed?

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Bjorn Ahlblad
#5 Multi-Family and Apartment Investing Contributor
  • Investor
  • Shelton, WA
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Bjorn Ahlblad
#5 Multi-Family and Apartment Investing Contributor
  • Investor
  • Shelton, WA
Replied

@Susie Ruffini I would leave that property for someone else to deal with. You are unable to do your due diligence without that documentation and more. A blank unsigned lease is for wrapping fish!

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