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Tax, SDIRAs & Cost Segregation

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Ryan Judah
Pro Member
  • Rental Property Investor
  • Snoqualmie, WA
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58
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Under contract and seller is signing a new lease

Ryan Judah
Pro Member
  • Rental Property Investor
  • Snoqualmie, WA
Posted Dec 13 2017, 21:09

Hello BP community! We just got our first deal under contract in Pierce county, WA and my broker asking the selling agent for all of the documentation in our P&S contract. After a vague response, we learned that the seller just signed a new lease and is planning to sign another new lease on the 2nd unit AFTER we have it under contract. Our contract doesnt allow the seller that right. What do we do?

Also, it would appear the tenant in the second unit has no lease at all. If that is true, how do we get them out? Do we make it a condition of the P&S that they have to be out before we close?

Thank you for the input!

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