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Zachary Buschmann
  • Rental Property Investor
  • Dallas, TX
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Buying property with tenants

Zachary Buschmann
  • Rental Property Investor
  • Dallas, TX
Posted

What documents do I need before or at closing to properly show transfer of lease ownership to me when buying a property with tenants in place already? This is my first time buying with existing tenants and just want to make sure I get all the correct documentation. Thank you in advance.

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John Underwood
#1 Short-Term & Vacation Rental Discussions Contributor
  • Investor
  • Greer, SC
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John Underwood
#1 Short-Term & Vacation Rental Discussions Contributor
  • Investor
  • Greer, SC
Replied
Quote from @Zachary Buschmann:

What documents do I need before or at closing to properly show transfer of lease ownership to me when buying a property with tenants in place already? This is my first time buying with existing tenants and just want to make sure I get all the correct documentation. Thank you in advance.


 Seller should turnover any valid leases to you at closing.

  • John Underwood
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