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Updated over 1 year ago on . Most recent reply

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Nolan Mahoney
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52
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Keeping tenants in rental building you just purchased

Nolan Mahoney
Posted

Any insight on keeping tennants in a 2-4 unit building you just purchased in IL? I asume that you can look at the leases and agreements between tennants and owner before you buy, but you dont like thoes terms or what they didint screen the tenant for. What should you do? request the owner to vacate the tennants? Re screen the tenants before you let them back in? 

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Eliott Elias
  • Investor
  • Austin, TX
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Eliott Elias
  • Investor
  • Austin, TX
Replied

The only thing you can do is abide by the current lease. If they break the lease, that is grounds for eviction. If they honor the lease, you have to wait till the end to remove them.

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