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Shaine Cobb
  • Realtor/Builder
  • North Augusta, SC
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128
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Bought foreclosure with tenants...what to do?

Shaine Cobb
  • Realtor/Builder
  • North Augusta, SC
Posted Feb 4 2013, 18:56

Ok folks, I bought a quad at foreclosure auction that currently has tenants in 3 of the 4 units. What do I do with the tenants? Does the change in ownership affect the lease signed with previous owner? Should I post and/or mail notification of new ownership (send your checks to me)? Do I evict at end of lease or if tenant can't produce a lease? Just spitballing here and am interested to hear what everyone has to say. Some facts:

- I am in South Carolina
- I have read the SC Landlord Tenant Act to no avail
- I have searched the forums, also to no avail
- My "mentor" has no experience in the situation
- Spoke with foreclosure attorney - said to evict them and told me which magistrate to go see

I look forward to your replies.

Shaine

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