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Updated almost 4 years ago on . Most recent reply

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Andrea Coulter
44
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19
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Purchasing Duplex with existing leases

Andrea Coulter
Posted

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?

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