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Axel Ragnarsson
  • Investor
  • Boston, MA
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Buying a property where a suicide occurred

Axel Ragnarsson
  • Investor
  • Boston, MA
Posted

Hi BP,

I've found myself working on a deal where some new (and tragic) information has come to light. Long story short, I'm working with a seller to purchase his triplex and he just let me know that a few weeks ago one of his tenants committed suicide in the unit. The tenant also lived in the unit with multiple roommates, who are still living in the property. Has anyone dealt with a situation like this? The numbers on the deal make a lot of sense... but I don't quite know what I would be getting into here, in terms of legally required disclosures when selling, issues with renting the unit, or anything else. Any input/advice/things to look out for would be helpful!

Not sure if it matters, but the property is located in NH (New Hampshire). 

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Jill F.
  • Investor
  • Akron, OH
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Jill F.
  • Investor
  • Akron, OH
Replied

I own a property where a guy overdosed in the unit. It was a great tragedy for his family. When I showed the apartment right after it happened, though it was not required by law, I did disclose to prospective tenants why it was available because it was in a multi and I didn't want them to hear it from another tenant and feel mislead. It wasn't an issue for anyone. It's been over two years now. I won't bother to disclose it next time.

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