Updated about 5 years ago on . Most recent reply
Buying Tri-Plex, Tenants DO NOT have Lease Agreements
Three (3) current tenants. Zero (0) lease agreements. How should I handle this? Please note that I need 1 of the 3 tenants gone so that I can do major renovations. The other two I am not going to touch and so I would like to keep them for their cash flow.
-Should I tell the seller that I want the one (1) tenant removed before closing????
-Or, what if I gave the the one tenant notice that the bathroom and back door/ laundry room will be removed by a certain date (this is factual) (major overhaul) and that they would want to be out / need to be out by X date???
-Should I tell the seller that I want the one (1) tenant removed before closing????
-Or, what if I gave the the one tenant notice that the bathroom and back door/ laundry room will be removed by a certain date (this is factual) (major overhaul) and that they would want to be out / need to be out by X date???