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Updated over 4 years ago,
Can a new owner terminate a lease upon purchase ?
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??