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General Landlording & Rental Properties

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Kenny L.
  • Investor
  • Minneapolis, MN
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Can Renters Signs a Lease Before I Close on Property?

Kenny L.
  • Investor
  • Minneapolis, MN
Posted Aug 27 2015, 15:48

Hi,

I'm currently scheduled to close on a rental property at the end of September. The listing agent has found me a tenant that loves the home and would like to sign a lease as soon possible. I've down a credit, background check as well as contacted her previous landlords. 

Can I legally sign and accept a deposit for a property if I don't own it yet? They are looking to move in as soon as possible and I would love to have a lease signed before closing.

Thanks!

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