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Updated almost 5 years ago on . Most recent reply

User Stats

20
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7
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Krystal Nydegger
  • South Jordan, UT
7
Votes |
20
Posts

Buying a new house and renting out the old one

Krystal Nydegger
  • South Jordan, UT
Posted

Hi Friends! We are buying a new house and renting out the old house. We have a tenant ready to go, but we have not closed on the new house yet. Having a lease agreement in place is a condition of our new mortgage. I need to put some kind of addendum in the lease that says we can have our house back if something goes wrong with buying the new house, but how would I word that? The tenant knows the situation and understands, and I don't foresee a problem with closing on the new house, but we need this in the lease just in case. Any help would be appreciated!

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