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Updated almost 7 years ago on . Most recent reply

Victoria Noska's profile image
Victoria Noska's profile image
Victoria Noska
  • from Palm Beach, FL
  • Member since May 12, 2018
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Victoria Noska's profile image
Victoria Noska's profile image
Victoria Noska
  • from Palm Beach, FL
  • Member since May 12, 2018
Connect
Victoria Noska
  • Palm Beach, FL
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6
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General Landlording & Rental Properties

Property for sale with a 2 year existing lease, help!

Victoria Noska
  • Palm Beach, FL
Posted

Hey BP peeps!

The property I want to purchase has one caveat - the previous owner has a lease with a tenant ending in 2020. I believe that the current rent is way too low/not being maximized and I would also like to update the unit. 

What can I do here? Am I able to increase the rent? Do existing lease agreements stay in affect when ownership changes hands?

Thank you SO much,

Victoria Noska

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