Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
General Landlording & Rental Properties
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
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

User Stats

58
Posts
15
Votes
S Harper
  • Real Estate Investor
  • Denver-metro, CO
15
Votes |
58
Posts

Closing today, owner had tenant sign lease extension today?

S Harper
  • Real Estate Investor
  • Denver-metro, CO
Posted

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? 

Loading replies...