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Updated over 1 year ago on . Most recent reply

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Annmarie Hill
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11
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Tenant occupied property in WA state: agent won't share lease

Annmarie Hill
Posted

Newbie here: I want to place an offer on a tenant occupied duplex to owner occupy. In order to place an offer I requested copy of the leases and the 90 day notice to sell. The sellers agent refused and said only after an offer is accepted by the seller. Is that normal? I wanted to see when the 90 days was up so I could move in to one unit and remodel the other. 

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849
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Simon Ashbaugh
  • Realtor
  • Columbus Ohio, Cleveland Ohio
829
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Simon Ashbaugh
  • Realtor
  • Columbus Ohio, Cleveland Ohio
Replied
Quote from @Annmarie Hill:
Quote from @Simon Ashbaugh:

Hey Annmarie, it's true that sellers sometimes withhold lease information to protect tenant privacy, I do find it a bit inconvenient not having full visibility before making an offer however, the seller might be concerned about protecting the tenants' privacy. In cases like these, you can structure your offer with contingencies that allow you to back out if the leases or the 90-day notice don't meet your expectations after review.

I can see that. They could redact that info for sure. I was trying to pick a closing date, and to confirm they have a termination clause in the lease. Any suggestions for verbiage on the contingency for lease review? Or do I out no closing date in the offer until I can review the lease terms and 90 day notice (she posted it on their door. I'm hoping that's considered legal service).

 I'd recommend asking an attorney, but here in ohio I usually say something along the lines of - Contingent on satisfactory review of lease and tenant ledger

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