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General Landlording & Rental Properties

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Maurice Blackledge
Pro Member
  • Rental Property Investor
  • NC
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102
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How to purchase a Rental with Tenants already in place

Maurice Blackledge
Pro Member
  • Rental Property Investor
  • NC
Posted Jul 7 2020, 05:48

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

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