Inherited a tenant who did some improvements prior to purchasing
Hello,
I recently acquired a property with a tenant already in place. This tenant has lived in the unit for 10+ years. The tenant (prior to my ownership) replaced a few light fixtures and put new flooring into the living room. The last property management company's lease is coming up soon. If I elect to not renew my tenants lease what are the complications with the past improvements. The fact that the tenant did the flooring was not disclosed and only came to light recently. Any thoughts?
Eric