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Updated over 6 years ago on . Most recent reply
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How to handle a section 8 tenant
Hello,
I recently put an offer on a REO 2 family. One unit is vacant but the other is occupied by a section 8 tenant. My plan is to use a 203k loan to fix the property and rent one unit at market while I live in the other.
My concern is removing the section 8 tenant. How do I have them leave so I can fully rehab this property? The tenant is on a month to month lease which I think would be beneficial in this situation. I already asked the bank if it could be delivered vacant but from how they responded I think they want to avoid that headache. I would like to avoid an eviction as well since that could take months and with the 203k I have a finite time to finish the rehab.
If anyone has some thoughts or advice I'm all ears.
thanks
Most Popular Reply
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Why do you want to get rid of the tenant? Are they not paying or is their rent far below market?
I’m not an expert but there are very few ways for a landlord to end a lease in New Jersey, but I believe you can terminate the lease with 60 days notice if you will personally occupy the property. I believe it has to stay your primary residence for a year after but someone correct me if I’m wrong.