Lease Aggrement When Selling Duplexes
I own 2 duplexes and they are currently for sale. My question is when I sell these buildings are the lease agreements I made the my tenants still valid? Can the new owner clear out these tenents or change the contracts with the appropriate notice? I live in Florida, can anyone answer this question?
Thanks Walt. :-?
They are valid until they expire. They can be evicted if they don't pay but other than that, the new owner is stuck with the old lease.
[addsig]
Any takers here??
Simply call the local police and they evict
The only thing that the police can do is enforce a law not a contract! They can remove a person for trespass but they have no authority to enforce a contract!
[addsig]
Well, apparently, when you dont pay your hotel bill, you are trespassing.
I'm just saying that it's supposed to be a similar legal stance. I dunno, I'm just goin by what another landlord from Iowa told me..I'm sure it varies state to state.But, he said it works for www.him.I imangine it has a lot to do with the wording of the contract. I/E. "if the tenant fails to pay required fee by required date constitutes tresspassing, blah, blah...Could be a small town thing also, friend/relative works for police etc.
At least in my state (CA) I would be wary of trying to circumvent the eviction laws, & tenants rights which the courts seem to favor & protect here. Although they seem to be working for the gentlemen you spoke of, I think if the contract were contested, it could be construed as an illegal contract. Also, there may be a use & zoning issue that could arise if you are in fact using a residential property as a quasi "hotel/motel".