Updated almost 5 years ago on . Most recent reply
Buying a new house and renting out the old one
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!