Updated almost 4 years ago on . Most recent reply
Inheriting Tenants with Substandard Leases
We are inheriting tenants in four of the units in our next purchase. I know that we must uphold their leases as long as they are valid. My question is what ability we have to enforce certain “policies” such as requirement to maintain renter’s insurance(their leases don’t require it) prescribed method of payment (they currently deliver cash to the landlord’s local bank) or increasing their deposit (some are as low as $100, and one tenant has no deposit at all)?