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Updated almost 6 years ago on . Most recent reply

User Stats

44
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15
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Michael Sontheimer
  • Investor
  • Saint Joseph, MO
15
Votes |
44
Posts

Acquiring Existing Tenants upon purchase

Michael Sontheimer
  • Investor
  • Saint Joseph, MO
Posted

Hi. I purchased a duplex that has each unit rented. I would like to make some improvements to both sides and up the value of the property. The renovations would probably take a month and I need the property to be vacant to make those improvements. 

Is there any way that I can legally end the current leases early? Or maybe someone has experience with possible 'rewarding' the tenants to leave early?

Otherwise I will continue with the same tenant(s) for almost another year until their lease simply expires and not renew it.

Thanks for your comments!

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