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Updated about 3 years ago,
Buying property with tenant inside - what must seller disclose?
Hey guys, rookie investor here. I'm looking for my first investment property and several properties I've looked at come with a tenant in place. I'd like to know what the seller is obligated to disclose about the tenant if they accept my offer. Ideally I'd like to see the tenant’s rental application, credit report, background check, all other screening measures the seller took when the tenants first applied, rental payment history, as well as current lease. Are sellers required to give that to me, and to do that in a timely manner that allows me to pull out of the deal if I don't like what I see? Is there standard language that I need to put in my purchase contract to get this info? I'm in Arizona and I've been trying to google this but haven't found anything so far. Any advice is helpful - thank you!