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Master Lease with existing tenants in place?
I'm looking at a deal consisting of two buildings (a 4plex and Triplex) and 6 of the 7 units are already rented on 1 year leases.
I'm interested in doing a master lease agreement. Is it possible to do this when the place is (mostly) occupied?
Can I somehow take the current landlord's position in these existing leases by way of this Master Lease?