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Updated almost 4 years ago,

User Stats

33
Posts
2
Votes
Kevin Turano
2
Votes |
33
Posts

Buying Tri-Plex, Tenants DO NOT have Lease Agreements

Kevin Turano
Posted
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???

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