Buying a Property with Tenants Being Evicted

[Wendell Butler]

Hello everyone!

I have a couple questions regarding purchasing a property while some of the current tenants are in the process of being evicted. This is a property in Connecticut, just to specify the state, but I was wondering how this transfers over to the new owner?

Say I purchased the property when an eviction is going on, would it immediately restart now that I am the owner and I would have to restart the process? Or does the prior owner finish the case through court regarding it? Can he close with a current eviction occurring?

Please let me know what would happen and what avenues you would take in this situation. Would you take over the tenants evictions for a deal and start evicting yourself or make the old owner finish them? Kind of a weird predicament, but I feel I will run into this again!

If anyone has experience regarding this let me know!

[Nathan Gesner]

Originally posted by @Wendell Butler:

This seller wants to sell because of the tenants issues, so I think the best approach is have the evictions that are almost done be complete, then close, and make a contingency with that.

I recommend closing 1-2 weeks after the evictions are complete. That provides you time to inspect after it's vacant.