General Landlording & Rental Properties
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated about 4 years ago, 10/10/2020
Closing today, owner had tenant sign lease extension today?
Thoughts? I don't have anyone in property management to vent to on this, so mainly looking for AITA because I'm irritated by seller action.
I acknowledge that I am irritable with the seller side because of things that have been occurring, but still happy to complete the sale. Didn't think he could make new commitments on an 'as is' under contract property?
Our updated closing date is supposed to be today.
They sent over some lease docs prior to going under contract. I requested a list of lease documents and information on 9/28. We reiterated last night, and again this morning, that we will not close without copies of the existing signed leases that list deposit amounts on 3 units that previously were just lease extension pages. They just sent over paperwork.
Previously for one unit/tenant they provided a signed renewal notice that had an end date of a few months ago. I told them that I need the original lease with the deposit amount listed so I know what was agreed.
Their agent just sent the original lease AND a new lease renewal dated Today that goes until 5/31, locking tenant in at an old, sub market rent.
Not going to pull out of the deal or freak out, but would anyone else find this irritating?