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Updated over 3 years ago on . Most recent reply

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133
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Jibu V.
  • Investor
  • Philadelphia, PA
49
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133
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Tenant-occupied property condemned

Jibu V.
  • Investor
  • Philadelphia, PA
Posted

Here is the scenario: 7-unit tenant-occupied property purchased a week ago from a wholesaler. Buyer responsible for U&O after settlement. L&I did inspection and condemned the property. City posted a notice that the tenants need to vacate. 

Question: What if the tenants don’t vacate in a timely manner (not sure yet how much notice, if any, they have from the city)? Does this still require the normal eviction route or can something quicker be done (e.g. code enforcement)? 

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Tom Gimer
  • DMV
3,417
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Tom Gimer
  • DMV
Replied

The leases should expressly deal with this scenario. You now own the leases.

A condemnation notice is not the same thing as a taking.  You can remedy the condition (department of housing will explain how), then have the property inspected, and the notice will be lifted.

The leases may state that rent is abated until the condition is removed. I highly doubt a lease is terminated upon receipt of such a notice as title does not transfer.

  • Tom Gimer
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Eastern Title & Settlement
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