Tenant Lease Contract!! Need an anwser A.S.A.P. - Posted by Wydell Conley

Posted by John Merchant on July 06, 2003 at 09:28:35:

You have to honor whatever legal agreements the Seller has in place when you buy…leases, rental agreements, easements, etc.

Now understand, the agreement might or not be legally binding on the seller, so it wouldn’t be binding on you. e.g. in some states a lease of such length has to be notarized and if it’s not, it’s invalid.

You just need to ascertain what your law is so as to determine the validity of the tenant’s position.

Tenant Lease Contract!! Need an anwser A.S.A.P. - Posted by Wydell Conley

Posted by Wydell Conley on July 01, 2003 at 21:41:21:

I’m in the process of buying a rental property and I’ve ran into a problem. The tenant has a signed contract from May 2003 until May 2004. If I purchase this property can I legally give her a 60 day notice to move or do I have to honor her agreement from the previous owner?

Thanks,

W. K. Conley

(Delaware)