Legal Question in Real Estate Law in Illinois
Are we In Danger if we buy this house???
My husband and I have made an offer on a home we want to buy, contingient on the sale of our home. The offer has been accepted but now we are extremely nervous about it as we have learned that the home has tenants with a lease that does not expire until November. Originally the seller told us they were on a month to month lease and she was not going to renew next month. NOw we know this is not true and she has not started eviction procedings yet. The tenants are late with the rent. If we buy this house are we in danger of being landlords to tenants who dont want to move? These tenants have made it known they do not want to move. They do not let perspective buyers on the property too view it. I am afraid this will be a nightmare.
1 Answer from Attorneys
Re: Are we In Danger if we buy this house???
Hello. You are correct in my
opinion. That could be a
nightmare. The tenants need
to be out, before any negotiations on the house continue. Furthermore, I assume that you intend to occupy this home as your principle residence. If my
assumption is correct, the
seller could not deliver the
premises to you on account of
these tenants and as a result
the seller would not be
able to perform under the terms of the contract. It should be the duty of the seller to rid the house of
the tenants. Good Luck!!