Skip to content

Let's keep in touch

Subscribe to our newsletter for timely insights and actionable tips on your real estate journey.

By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions
Followed Discussions Followed Categories Followed People Followed Locations
General Landlording & Rental Properties
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
Market Trends & Data
Buying & Selling Real Estate
Out of State Investing
Real Estate News & Current Events
Real Estate Technology
Investor Mindset
General Info
General Real Estate Investing
BiggerPockets Exclusive PRO Area
PRO
BPCON
New Member Introductions
Questions About BiggerPockets & Official Site Announcements
Off Topic
Starting Out
Real Estate Success Stories
Real Estate Horror Stories
Real Estate Strategies
House Hacking
Commercial Real Estate Investing
BRRRR - Buy, Rehab, Rent, Refinance, Repeat
Innovative Strategies
Mobile Home Park Investing
Multi-Family and Apartment Investing
Land & New Construction
Wholesaling
Rehabbing & House Flipping
Short-Term & Vacation Rental Discussions
Tax Liens & Mortgage Notes
Medium-Term Rentals
Buying & Selling Small Businesses
Outdoor Hospitality
Landlording & Rental Properties
General Landlording & Rental Properties
Managing Your Property
Marketing Your Property
Tenant Screening
First-Time Home Buyer
Real Estate Professionals
Mortgage Brokers & Lenders
Contractors
Real Estate Agent
Financial, Tax, & Legal
Personal Finance
Creative Real Estate Financing
Private Lending & Conventional Mortgage Advice
Insurance
Tax, SDIRAs & Cost Segregation
Foreclosures
1031 Exchanges
Goals, Business Plans & Entities
Legal & Legislation
Real Estate Classifieds
Classifieds
Real Estate Events & Meetups
Reviews & Feedback
Ask About A Real Estate Company
Real Estate Deal Analysis & Advice
Guru, Book, & Course Reviews
Syndications & Passive Real Estate Investing
Shawn Costley's profile image
Shawn Costley's profile image
Shawn Costley
  • Investor
  • from Huntsville, AL
  • Member since Dec 7, 2015

User Stats

66
Posts
45
Votes
Shawn Costley's profile image
Shawn Costley's profile image
Shawn Costley
  • Investor
  • from Huntsville, AL
  • Member since Dec 7, 2015
Shawn Costley
  • Investor
  • Huntsville, AL
45
Votes |
66
Posts
General Landlording & Rental Properties

Alabama Law - Purchasing Properties with Existing Tenants

Shawn Costley
  • Investor
  • Huntsville, AL
Posted

Good morning!  I'm in the process of purchasing a rental property that comes with an existing tenant.  The tenant has a rental agreement in place that doesn't expire until April 2021.  In Alabama (if not US-wide) What are my obligations in terms of honoring the lease?  

My thought is that there's probably a certain time frame that the original lease is to be honored (e.g. 6 months - year), before I can incorporate mine, but would appreciate any insight.

Thanks!


Shawn

1 Vote
Follow
4 Replies
Jump to Last Reply
Log In or Sign Up to Reply

Most Popular Reply

Nathan Gesner's profile image
Nathan Gesner's profile image
Nathan Gesner
  • #2 All Forums Contributor
  • Real Estate Broker
  • from Cody, WY
  • Member since Apr 27, 2010

User Stats

28,242
Posts
41,510
Votes
Nathan Gesner's profile image
Nathan Gesner's profile image
Nathan Gesner
  • #2 All Forums Contributor
  • Real Estate Broker
  • from Cody, WY
  • Member since Apr 27, 2010
Nathan Gesner
  • Real Estate Broker
  • Cody, WY
41,510
Votes |
28,242
Posts
Nathan Gesner
  • Real Estate Broker
  • Cody, WY
ModeratorReplied

Existing contracts transfer with the sale of the property. You have to honor the existing lease for the entire term unless all parties are willing to agree to changes.

  • Nathan Gesner
business profile image
The DIY Landlord Book
4.7 stars
248 Reviews

Contact us

By clicking send, you affirm you have read and agree to the BiggerPockets Terms, acknowledge the BiggerPockets Privacy Policy, and you agree BiggerPockets and its network of professionals may use automated technology or pre‒recorded messages to deliver marketing calls, texts, or emails to the number or email your provide regarding your real estate needs. You also agree BiggerPockets and its affiliates may use automated technology or pre‒recorded messages to deliver marketing calls, texts, or emails to you regarding offers and other content that may interest you. Consent is not a condition of purchase. Message and data rates may apply. Message frequency varies. You can unsubscribe at any time by replying STOP or clicking the unsubscribe link (where available) in one of our messages.

2 Votes
Log In or Sign Up to Reply
Sort By:

Loading replies...