How to purchase a Rental with Tenants already in place
Hey BP,
I am looking to buy a property that already has a tenant in place until 2021. I purchased my first property with tenants in place and though one of them has been great, I had to evict the other.
My question is if there is a way to protect myself from inherited tenants in the buyer's agreement? Perhaps ensure they are out by the time of close OR have a clause around a new lease?
Open to ideas!
Thanks in advance!
~Maurice