Buying Properties Occupied

[Matt Sora]

When buying a property and the property is still occupied by tenants and wanting to live in it to house hack, do you have to honor the previous lease from the prior owner before moving in? How does this work?

[Nathan Gesner]

Quote from @Matt Sora:

When buying a property and the property is still occupied by tenants and wanting to live in it to house hack, do you have to honor the previous lease from the prior owner before moving in? How does this work?

As a general rule, you have to honor the existing lease. However, some states have laws that give the homeowner authority to terminate a lease in order to occupy the home.