Updated over 4 years ago on . Most recent reply
Purchasing Duplex with existing leases
Hello All,
Im looking for opinions. I am purchasing a duplex, both leases have another 6 months left on them. The seller has verbally told me that both tenants are current on rent. I am doubtful due to the eviction ban still current until august 31st in New York. Can I ask for proof of deposits since the start of their leases 6 months ago? I am just afraid of buying bad leases that could cost me another 12k plus eviction cost if the current tenants are not paying. Thoughts?