[owners name], As a follow up to our phone conversation earlier today I wanted to send this email to confirm my understanding that is your desire to a) surrender the property you are currently leasing from [name of company] as of 6/30/09 b) withhold the last month’s rent and c) have 100% of your deposit returned.

Originally posted by @Carl C.:having

My question is, If I bought this house Sub-to would I be able to A.) increase the rental rate for this current tenant B.) be able to increase the rate next year when their option to renew for 5 more years becomes available C.) have to find a new tenant to raise rates.I'm expecting the seller to send me the current lease soon so that may answer my questions but I wanted to se what the BP community thought about this deal as a whole!

Every State and Commonwealth has their own laws (think State's Rights).Counties make have local rules, but not laws.Since there different types of probates (formal, informal, small estates) the timeline may also differ.In addition, with a formal estate the administrator will typically have certain interim powers that are not applicable for an infirmary probate PR. A

It looks like I will have to take them to (small claims) court, after I submit a PRA request for and receive pertinent information.Now I feel like a fool as in the last 10 years the LBUSD has been provided 2.7 BILLION dollars from two bond measures on the ballot.

The reason we want to close in Aug - a) we do not want to lose $5k on lost rent, b) we are buying another property and need the money ASAP before we lose it, c) have 3 kids - so need to do it before school starts, d) we feel like the buyer might back out last minute - while we wait 2.5 months, and we will be out 4 months of time, and will lose additional money as we try to sell to someone else.Anything we can do?

@Jeff Chaves  You can add extreme value to a home with an FHA 203k Renovation loan.   

If the title company and party C have no issues with doing this, then it is viable.

@Eduardo C. have you had some luck in find that Realtor?

The larger properties B/C have swapped hands recently and everyone is a new owner.