Updated about 4 years ago on . Most recent reply
Addendum to prior leases ( assuming tenants)
I am purchasing a home in a college town for our sons to live in next school year. Currently there are tenants in there until August when their lease expires. I have a copy of their lease ( which is really thorough), however I have never acquired tenants before. I’m thinking I need an addendum to their original lease stating that the property was sold and all rents will need to now be paid to me,etc. Does anyone have a template ( MI) or any advice for me on this? I have landlord knowledge, I own LTR’s, just not on this scenario.