I want the current owner to kick out one tenant, but current owner doesn't want to for fear that our deal might not go through and then they are left without rental income. They said it is MY responsibility to kick out the tenant, not theirs and should be done after closing. I am also aware that it is difficult to break a lease due to housing laws but I don't feel like making a double move just to get into my own house!
2007-05-31 16:34:58 · 5 answers · asked by troyboy 1 in Business & Finance ➔ Renting & Real Estate
You can't put out a tenant who has a lease. Neither of you can do that. If none of the leases are up for renewal, neither of you can put anyone out right now. You'd have to persuade a tenant to move, probaly by making a substantial buyout offer fpr their lease as well as pay for their move and any costs in securing a new lease. There's no way you can compel the seller to do this.
Depending upon how many units are involved and local laws, you may never be able to put any of them out even to owner-occupy one of the units yourself. Typically you only have a right of occupancy if the building has 4 units or less but that can vary from one jurisdiction to the next.
Consult with an attorney who specializes in real estate law, especially landlord - tenant law.
2007-05-31 17:01:24 · answer #1 · answered by Bostonian In MO 7 · 1⤊ 0⤋
whats up the broker isn't doing his or her homework, the submitting is with the courts for eviction, no longer the city. A courtroom order may be handed and a 7 day word given for returned rents, and in the event that they are able to't arise with the money they'd desire to flow. or 30 day word to stop, meaning the owner no longer needs his money, yet needs them out. the subject stems out of your broker nevertheless gathering rents, and is making an attempt the 7 day way, the tenants will pay a element and promise something of the hire in 30, 60 or ninety days and he's caught....you will desire to provide him a 30 day determination so as that
2016-10-09 05:47:42 · answer #2 · answered by ? 4 · 0⤊ 0⤋
It depends on the length of the lease. If it's month to month, you can request the current owner to give them a 30 day notice when your 17 day contingency period is up and you have satisfied everything that the seller needs that will make the deal to go through. If they have a lease...you must honor that lease. Andrea teh REALTOR in San Diego Andrea4sd@aol.com
2007-05-31 16:51:51 · answer #3 · answered by Winston B 1 · 0⤊ 0⤋
The current owner has no obligation to kick out the tenant unless the sales contract specified to do such as a contingency of the sale.
2007-05-31 18:24:45 · answer #4 · answered by Zeltar 6 · 0⤊ 0⤋
The disposition of the tenants is normally set forth in your purchase agreement. It is not set in stone who has the responsibility of asking the tenants to leave. If the tenants know the building is being sold and they will have to move...they may quit paying rent and SQUAT there, causing you to have the expense of eviction. I would talk to your Realtor immediately. This should be part of your purchase agreement....
2007-05-31 16:44:09 · answer #5 · answered by carmensellsthehighdesert 3 · 0⤊ 0⤋