Re: Have tenants evicted prior to transfer? - Posted by Kristine-CA
Posted by Kristine-CA on April 26, 2007 at 23:12:51:
You’ve gotten some good feedback already. The issue is really one of
contract. Standard contracts often require vacancy at time of close.
You can change that easily.
For what it’s worth, I always agree to take the property with tenants
(with or without leases), squatters and personal property. LOTS of
personal property that requires dumpsters. Oh, and abandoned
vehicles. It’s a negotiating point. I’ve had one seller, and only one,
terminate their lease with the tenants, have them move on time, and
then clean the property before close of escrow. It’s not for everybody,
but I find that taking over these kinds of problems is what separates
my offers from others.
I do suggest, though, that you don’t assume anything regarding
tenants and that the details of who is supposed to do what be in the