Buying Owner Occupied. Getting Signed Lease Prior to Closing

[William Coet]

Can I secure a signed lease with the current occupant prior to closing? This will help to avoid a timing problem with leasing the home after closing because fewer people are looking.                                         Thanks in advance!

[James Wise]

Originally posted by @William Coet:

Originally posted by @James Wise:

Originally posted by @William Coet:

Can I secure a signed lease with the current occupant prior to closing? This will help to avoid a timing problem with leasing the home after closing because fewer people are looking.                                         Thanks in advance!

 Are you buying the property from the owner who is then planning on renting it back from you?

I will update the post.  I realized the mistake in my title as soon as I posted it.

The property is bank owned.  The occupant is the person who was foreclosed on.  I'm pretty sure they would stay and pay rent.  I want to be able to present them with a lease and secure the situation, rather than wait until closing on the property.

 If they didn't pay the mortgage why are you confident that they'll pay the rent which is presumably higher?