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Arlen Chou
  • Investor
  • Los Altos, CA
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Seller with tenants but NO lease in place...

Arlen Chou
  • Investor
  • Los Altos, CA
Posted

Hello BP World,

I have an interesting situation.  I am looking at a property that is not under rent control.  There is a tenant, but the home owner and the tenant never put a lease or rental agreement in place. The tenant has been paying rent for many years. This property is located in Oakland CA. 

I am assuming that at the point which I close, I have the open option to either evict the existing tenant or offer them an actual lease.  

I am just wondering if anybody sees any potential problems with getting this person out, besides a standard eviction process.

Thanks in advance,

Arlen

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