Question on purchasing a property with a tenant

[Jorge Gil]

Hello, we are about to close on our first property. The owner does not want to deal with the tenant so we got a better price but must close with the tenant in place. The tenant is month to month at this point.

I was wondering if someone has done anything like this before and can provide any insights on what to do / expect.  

Also, we understand that we can give the tenant 60 day notice after closing but beyond that we are not so sure how the process works, specially if the tenant refuses to leave.

Thank you for your comments / feedback, Jorge

[Will Fraser]

Hi @Jorge Gil, welcome to the BiggerPockets forums!  Congrats on the upcoming rental property purchase!

When you buy a property with a tenant in place you inherit the existing lease, with all its strengths and weaknesses.  So, your options will largely be dictated by the particular lease.  Check it out in depth before you close.

With regards to a tenant who refuses to leave -- this is called "holdover" and you'll typically be looking at an eviction, but again that will be determine by your lease + your state's Tenant Landlord Laws.