Buying a Property with Renters with back rent

[Nathan Karner]

Has anyone had any experience with buying property with renters that need to be evicted?  I'm look at going under contract on a fourplex that is 100% occupied.  Two of the renters have back rent. I was wondering how to word the contract so that assuming the renters back rents and security deposits?

My though would be to give them their security deposit back and forgive their debt if they leave.  Otherwise I'd just go through the normal eviction process.

[Kyle Godbout]

I just purchased a 5 unit building with 3 tenants. One on month to month and the three two had leases ending March 2018. The month to month was easy to remove with lease termination 30 days out. The other two were both behind on rents too. When it was the first of the month, I reminded them the total amount was due including back rents. Neither paid all and I posted 3 day notice. Again nether paid all so I filed for eviction. I offered both tenants to sign a lease termination and vacate by a certain date and remove all item, and I would cancel the eviction. Both complied and I kept security deposit and got them out much sooner than March 2018 so I could remodel!