Hi all,
Wife and I are blessed to purchase our 2nd property after viewing several houses she didn’t like and about a dozen of our offers that didn’t get accepted. Finally the one that accepted our offer is a tenant occupied with the lease ending next year May. Wife is now worried if the tenant won’t move out by then and we’ll have to do eviction which will cost time and money to get the house we purchased. We will be living in the property after the tenant moves out after lease ends.
I asked our realtor and two different attorneys for what we can do to make sure the tenant move out on time when the lease ends, and they all told us there are nothing we can legally do as of now as the tenant is on term with the rent. My wife is super worried and bugging me to do something before closing to make sure as we’ve had really nice and seemed dependable people not keeping their words in the past. How is it normally done with purchasing tenant occupied property and what can I do to help calm my wife’s worries.
Thanks, T
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source https://www.reddit.com/r/RealEstate/comments/rr8qxl/how_to_handle_purchasing_tenant_occupied_property/
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