buying a current rental and may need to evict tenant

[Dustan Marshall]

hello BP

I am considering purchasing a property that is currently a rental.  Not sure how the lease is written up between existing Tennant and LL.  But I know they are behind on rent.

If I buy the property what are my options.  force them to sign a new lease?  Evict and start fresh with someone I have vetted?  Or am I bound by some else's lease?

[Jeff Rabinowitz]

If the current tenants are behind on the rent have the current owner start eviction procedures. If they do not, you must have a copy of the current lease, the tenant's application and the rent roll. This is material to your purchase offer. If you are planning on buying a problem your purchase price should be reduced so that you are well compensated for solving the problem.