Comments on: When changing ownership on a piece of real estate property, Can you kick out old tenants?

By: ttpawpaw

ttpawpaw — Tue, 22 Dec 2009 09:52:59 +0000

No, he cannot automatically change any existing leases. How would you feel if it were you. When you buy a property you also buy any existing leases and they must be honored to the fullest extent.pp
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By: Yanswersmonitorsarenazis

Yanswersmonitorsarenazis — Tue, 22 Dec 2009 09:19:59 +0000

Nope. The lease remains in force. He has to either let their leases expire (and give them the proper notice to vacate), or offer to buy them out.
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By: Wikipedia

Wikipedia — Tue, 22 Dec 2009 09:07:59 +0000

No. (answer is dependant on state laws however.)

3. Can a new owner evict existing tenants? A month-to-month tenancy can be terminated at will with proper notice while a lease generally can’t be terminated until the term ends. An owner can evict lessees by negotiating a lease buyout agreement. "[The owner] would need to work out a deal [with the tenant]. Striking a deal might be difficult, depending on the rental market [because] the tenant will want to rent a comparable place. The owner can’t [evict] tenants who have leases because the owner has a contractual duty to supply them with housing," explains Janet Portman, an attorney and co-author of three landlord-tenant guides from Nolo Press in Berkeley, California.

http://www.realtor.com/basics/multifamily/tenants.asp?poe=realtor
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By: Narvaez A

Narvaez A — Tue, 22 Dec 2009 08:43:59 +0000

its very hard in fact if they are section 8 is gonna be harder and you might need to hire a lawyer but, finally you can get rid of them of course you are gonna spend some time and money.
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By: che_cavolo_voi

che_cavolo_voi — Tue, 22 Dec 2009 08:27:59 +0000

he must honor them and get the money for them being there or he can pay them off
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By: cubsfreak2001

cubsfreak2001 — Tue, 22 Dec 2009 08:21:59 +0000

There is a proper procedure for this, it will have to be stated in the contract at closing whether or not the tenants will carry over the contract to your friend the new owner. Also he will have to wait a certain period and evict them legally which has to be done through court usually. But he should be a nice guy and just say, that he would like them to move if he doesn't have to honor the contract.
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By: Nikki

Nikki — Tue, 22 Dec 2009 08:06:59 +0000

are they on a lease depends on the state law ever state is different findlaw.com under land lord tennant
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By: banjaxed

banjaxed — Tue, 22 Dec 2009 07:17:59 +0000

in most places NOPE
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