Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
General Landlording & Rental Properties
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 4 years ago on . Most recent reply

User Stats

5
Posts
0
Votes
McKinsey Alston
  • Investor
  • Somers Point NJ
0
Votes |
5
Posts

New Landlord with existing leases

McKinsey Alston
  • Investor
  • Somers Point NJ
Posted

I am in the process of purchasing a duplex with an additional apartment on the property. Currently, the owner lives in the top unit and has the bottom unit of the duplex and the backyard apartment rented out. Both are on lease until 2021. Since I did not personally screen the tenants, what should Or can I ask the current owner about the tenants? Also, I have my niece and nephew that stay with us and want to ensure they’re safety. The property is in New Jersey. Any thoughts?

Most Popular Reply

User Stats

1,840
Posts
1,379
Votes
Frank Chin
  • Investor
  • Bayside, NY
1,379
Votes |
1,840
Posts
Frank Chin
  • Investor
  • Bayside, NY
Replied

Landlord tenant laws in most jurisdictions require you to honor existing leases. Before closing you should obtain estoppel letters, and assignment of the lease at closing.

But you can ask for additional info on the tenant, i.e. applications, credit checks, but in most instances, you can't kick them out. The only exception is he's in the sex offender registry and didn't disclose it in the application. Your only action is not to renew the lease and have your nephews and nieces visit afterwards. 

Loading replies...