How do I L/O with renters already in ??? - Posted by Tony (baltimore)

Posted by B.L.Renfrow on March 15, 2001 at 22:50:49:

You’d need to read the tenant’s lease. Depends on your state law, but I suspect if you lease-option the property, you would be obligated to honor the current tenant’s lease until its expiration.

Brian (NY)

How do I L/O with renters already in ??? - Posted by Tony (baltimore)

Posted by Tony (baltimore) on March 15, 2001 at 19:46:43:

I spoke with a women today who said that she was open to L/O. How do I buy the property? Just from talking she said that the current renters are under lease until sept. at $700 a month. Comps on the street are low to mid $80s. It sounded like she was looking for at least $70k. Any advice will be apperciated. Thank you in advance.

Re: How do I L/O with renters already in ??? - Posted by Russ Sims

Posted by Russ Sims on March 16, 2001 at 01:11:41:

You’ll have to honor any lease agreement already in place, but why not approach the renters to see if they’d like to L/O from you. Could be an insta-tenant/buyer. I’m doing this now with a small mobile we just aquired. The place came with tenants, and they DO want to lease/option…I’m just not sure they’ll qualify. Fortunately they are on a month to month agreement so if need be I can give them notice…Anyway, it’s worth a try.