Thursday, September 20, 2007

Buying a property with a tenant

Nothing too tough here but I hadn't had one of these in a while and it was a good refresher:

--Get a lease assignment;

--Get the Seller's security deposit transferred to the Buyer at closing;

--Have the Seller warranty that he/she has abided by all relevant laws;

--If it's close, delay the closing until after the tenant's gone.

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