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Updated almost 3 years ago on . Most recent reply

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Buying a home with tenant in place

Darren Redfearn
Posted

I am buying a primary home and moving in when the tenants move out. Just wanted to know if my offer to the owner should say anything specifically about the renter? Also is there any Standard SOP that I need to follow when it comes to this deal.

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John Teachout
  • Rental Property Investor
  • Concord, GA
3,256
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John Teachout
  • Rental Property Investor
  • Concord, GA
Replied

I would make a contract requirement that the house is delivered vacant at closing. If it isn't, all sorts of not nice things can transpire.

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