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Updated over 4 years ago,

User Stats

6
Posts
1
Votes
Josh Southern
  • Rental Property Investor
  • Morgantown, WV
1
Votes |
6
Posts

Can a new owner terminate a lease upon purchase ?

Josh Southern
  • Rental Property Investor
  • Morgantown, WV
Posted

Looking a at nice muti-family.

The good:

One 3/2 house with 3.5 year tenets that are month to month right now.

Two 1/1 apartments over a 4 stall garage (which is not used by tenets)

The bad: after showing but before I put in offer; current owner signed new leases for both apartments, with the following issues:

- let one tenet (his elderly family member) move in

- with no deposit and owner is paying utilities.

Rented the other apartment, and got a deposit. But also included utilities.

Now I know some places it’s fine and normal to pay utilities. Where I live (WV) it’s uncommon and I’m not comfortable doing that.

Final issue: the house also has utilities included, but on MTM, I’m not worried about changing that.

Now here’s the issue: I want to cancel the lease for the apartments and get the deposit for the one unit, and have them pay utilities.

Under what sis can I do that?? And is it legal??

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