All Forum Posts by: Julie Bretton

Thank you both for your replies. Very helpful. To clarify, the tenant is now paying monthly rent and paying me $300 per month in "catch-up" payments towards a 3K debt.  
Does a buyer always start fresh with a clean slate with the tenant?  In other words, if tenant pays his monthly rent going forward, the buyer will have no cause to evict them, correct? Or does the buyer somehow assume unpaid back rent and have rights to evict?

Buyer is requesting rent rolls on 11 unit building. I have a tenant who is behind on rent but is now paying rent and making monthly payments.  Once the house is sold, the 11 months of catch-up payments will probably stop and I'm out several thousand.  

Can and would a buyer ever want to "take over the debt" to evict this problematic tenant?  (Tenant could suddenly "find" the money to avoid eviction and I'd get paid).  

Am I better off giving the tenant a "personal loan" - and take tenant to small claims court if he defaults?  If I give a personal loan and take on the debt, do I have to disclose that the tenant is behind? 

I don't want to ruin the sale.  Any suggestions?