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Updated over 4 years ago,

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2
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0
Votes
Nipa S.
  • Real Estate Investor
  • Atlanta Metro
0
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2
Posts

Inheriting tenants without security deposits

Nipa S.
  • Real Estate Investor
  • Atlanta Metro
Posted

Hi all, I’m a brand new BP pro and am excited to be closing on a triplex in a few days. I am in DD and will be inheriting tenants for the first time. I found out that the seller did not require the tenants to pay a security deposit despite having a lease in place. As I always have required this for my tenants is it ok to add this requirement to the tenants’ existing lease agreement that will be transferred to me? Would appreciate any advice on approaching this issue. Thanks in advance.

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