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Updated about 5 years ago on . Most recent reply

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18
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2
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Anthony Cannizzaro
  • Investor
  • 33778
2
Votes |
18
Posts

Bought Triplex w/ 1 tenant. New lease?

Anthony Cannizzaro
  • Investor
  • 33778
Posted

So we finally closed on our Triplex. (What a journey that was!)

There is a tenant in one of the units and their lease isn't up until October. The previous owners used a PM company to manage the property.  I know we have to honor the lease but do we have to redraft a lease with us as the new Landlords to be legally binding?

Thanks in advance for the help.

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