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Updated almost 4 years ago on . Most recent reply
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Question about liability related to existing tenant
I'm looking at a 4 unit commercial building with long term tenants with good history.
Only concern, two of the 4 tenants live in the Units and also run a business out of them. They have been in the units for 6 and 11 years.
Property is in northern California.
What kind of liability or legal issues might I be facing by allowing them to stay and live in the units if I buy the property? The local real estate lawyers won't even return my call, which makes me think it's a hornets nest, but it's a good ROI so I'm still very curious.
Thanks!