I am purchasing a four-plex in Texas that has all 4 units leased out through July. Three of the units are extending their lease and are renewing for a year, all of which I have been given copies of. However, one unit is not extending and it was pre-leased to a new tenant, so it would be completely leased out through July 2025.
Sounds great...right?? However I am buying this so that I can live here and I am using a VA loan. How can I cancel or not honor the pre-lease so that I can live in the 4th unit as required by the VA? I am aware that Texas law states that all leases are honored, but this one is tricky since they are not living there yet. I can't find anything on the Google about a pre-lease having to be honored. The "pre-lease" is written up as a lease I'm just calling it a pre-lease for lack of a better term. Thanks!
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source https://www.reddit.com/r/RealEstate/comments/1bxz3m6/do_i_have_to_honor_a_prelease_when_i_buy_the_4plex/
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