I did a quick search for this and didn't find exactly what I was looking for. Just closed on a 3 family that is fully occupied with tenants that have not expressed any desire to leave. Is it recommended to change all the locks even though there is no turnover? We will definitely be changing common access locks, basement with laundry and storage area, just in case an old tenant kept a copy.
Just looking for the more experienced opinions out there if they would change the locks on a new fully occupied purchase or wait until tenant turnover.
Thanks for the help!
Given the size of your property, I think it would be easy for you to determine that you have a master key to all units. As long as all tenants are staying in place, I do not see the point in rekeying. If this were a large property, my answer might be completely different.
Did the previous owner have more buildings/units and have a handyman or other staff that might have keys? If so, it would be a good precaution to re-key.
@Kathy Johnson, the previous owner self managed with the help of one of the tenents who did the yard work. We plan to keep this system in place.
@Chris Sukala that def sounds like a good system you have in place. So it sounds like you do this upon acquisition of a new multi family even if the tenents are not leaving?
No I would not change the locks until there is a turnover.
Congrats! Its not a must.... sounds like you are keeping the tenants in place. Personally, I would wait for a turnover
Thank's everyone for your replies!