2007-12-23 10:55:39 · 3 answers · asked by milanov_z 1 in Business & Finance ➔ Renting & Real Estate
don't know what country ur in but here in TX unless u agree to terms as such. the minute u buy it the previous agreement in null and void. time for new agreement.
2007-12-23 11:35:20 · answer #1 · answered by Anonymous · 0⤊ 0⤋
I've seen things like this before in NY. Basically, the unit is rent controlled/stabilized and the tenant is there for life. You have to find out with lease and hire an attorney to research if they can allow other family members to take over the lease when they pass away. If thy are old it and they cannot pass the lease to anyone else then it maybe worth it.
2007-12-24 10:54:55 · answer #2 · answered by tianaramal 4 · 0⤊ 0⤋
In most places you are stuck with the tenant and you are taking over their lease with the terms they have. It will cost you more because it isn't owner occupied and unless the tenant dies you can't do anything like living it in or renting to friends or family. In some places the tenant may be allowed to will the apartment to family in their will getting them cheap rent forever too.
2007-12-23 19:57:25 · answer #3 · answered by shipwreck 7 · 0⤊ 0⤋