General Landlording & Rental Properties
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by

Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Creative Real Estate Financing
presented by

Tax, SDIRAs & Cost Segregation
presented by

1031 Exchanges
presented by

Real Estate Classifieds
Reviews & Feedback
Updated over 4 years ago on . Most recent reply

Tenants’ Lease End (COVID-19)
Hi,
I’m interested in purchasing a duplex here in FL as a house hack. The numbers work well for me. However, there are tenants in both of the units staying on a verbal lease agreement (month to month).
I’m kind of struggling whether to add a contingency for the seller to make the units vacant upon closing (would make my offer weaker) or i’ll do it myself after closing.
Reason being is with the COVID moratoriums in place, it’s not technically eviction since I don’t plan to renew the leases anymore or the seller. Or is it?
What do you guys think? Any inputs would be appreciated
Thanks