Legal Question in Landlord & Tenant Law in Florida

Purchasing Property with Tenants

If I purchase property that has tenants that are currently renting, what concerns do I have? I told them they could stay there, but can I make them sign a rental agreement if I do not own the property yet? I do not want wait until closing to find out they refused to sign the Landlord & Tenants agreement.


Asked on 11/15/04, 6:26 am

2 Answers from Attorneys
Tonia Troutwine, Esquire - Troutwine Law Group. LLC

Re: Purchasing Property with Tenants

You should review the existing agreement to find out if it is assignable. If it is, you may be subject to the old lease if not the sale of the property may terminate the old lease and you may require the tenants to vacate or sign a new lease.

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Answered on 11/17/04, 8:18 am
Moses Williams Moses E. Williams, Attorney at Law

Re: Purchasing Property with Tenants

You can require the previous owner to end the current lease under its termination clause. Then, you can negotiate your own agreement with the tenants. I am available to consult with you on how to do both.

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Answered on 11/17/04, 8:31 am


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