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Home and Renters

Started by Eastside
about 16 years ago
Posts: 146
Member since: Aug 2009
Discussion about
If you purchase a 3 family home and there are renters with a lease in the 'main' apt - can the new owners kick out the renters ? I would think they would only be able to kick them out if the new owners needed the apt for themselves, correct making the lease 'null and void"?
Response by Eastside
about 16 years ago
Posts: 146
Member since: Aug 2009

anyone?

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Response by alanhart
about 16 years ago
Posts: 12397
Member since: Feb 2007

No, not unless the terms of their lease enable it (consult attorney if unclear). You're buying the property along with its obligations, including contractual obligations. You can kick them out when their lease expires, or offer to let them out early if they want, or buy them out early.

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Response by Wbottom
about 16 years ago
Posts: 2142
Member since: May 2010

the prior owner may remain in all 3 apts after the closing for up to 3.456 years

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Response by Wbottom
about 16 years ago
Posts: 2142
Member since: May 2010

all else is null and void

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Response by Wbottom
about 16 years ago
Posts: 2142
Member since: May 2010

cuz you would think

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