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Updated about 4 years ago,
Transferring a lease on a new home purchase - closing Monday!
Hi there,
I'm at the final stages of closing my first home :)
It's a 2 unit property and I'll be inheriting a tenant in one of the units. I have the estoppel and a copy of the lease. I'm receiving the rest of this month's rent, security deposit, and last month's rent from the owner, but haven't spoken with the tenant yet. I have the final walkthrough Monday and am signing closing docs after. Do I need to add an addendum to the lease or create a new one between the tenant and myself and have them sign? If so, should I do this before taking ownership?
Thank you,
Eric