Re: Lease agreements - Landlord Forum thread 358098

Re: Lease agreements by Robert on July 4, 2018 @12:00

If you're buying an occupied building, you're buying the lease too. The existing lease can be modified, but only if both parties agree (they don't have to agree).

However, the occupants probably don't know that. So that being said, I would present them a copy of MY lease with a 12 month term beginning the day that you take possession of the property. That way they'll be on the hook for a bit longer and they'll be playing by the rules that you want them to.

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