I'm about to go under contract for my first duplex. I will occupy one side for at least a year. It's currently an MTR. One side she left vacant for me. The other is occupied until after our projected close date. Obviously we will have verbiage in the contract about prorated rents etc, but how do we "transfer" the existing lease? Do I ask the tenant to sign a new lease with me (it's through an agency) for those few days (same terms obviously) or just send a written letter introducing myself and advising that I will do the inspection/refund of deposits etc?
Also I was going to stay in the smaller unit for one year to maximize profits so I can purchase at least one more unit in 2024 (or a SFH for me). Is that necessary or will they just look at projected market rents anyways to apply to DTI, so I can live in the 3/1 anyways? (I hope that makes sense)
She already has requests for more dates we'll after our projected close date -- should we just let her sign leases and transfer those to me also?
