Updated over 6 years ago on . Most recent reply
have you seen this before on a MLS listing?
"Tenants Lease rights protected with the transfer of property ownership." I was looking at a write up for a duplex and this was at the bottom of the MLS sheet.
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#4 All Forums Contributor
- Real Estate Broker
- Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH
It's the law in every jurisdiction that I am aware of that the lease will transfer with new ownership so I don't think I've ever seen an Agent specify it. Could be a new agent who doesn't know any better, could just be an odd thing that the particular agent likes to do, could be that the seller wanted it mentioned specifically in the listing, could be that the agent was sick of getting dumb questions from owner occupied buyers who don't know any better....Who knows. Nothing to worry about as again that will be the case anytime you purchase a property with an existing tenant.