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Document Description
Assuming responsibility over an occupied rental property requires a great deal of delicacy and diplomacy. This period of transition can be stressful for renters, who may fear that their living situation is unstable as a result of the switch. Start things off right with your new tenants by formally introducing yourself with this letter. In addition to offering assurances that the terms of the current lease will convey, the document offers payment instructions and updated contact information.
Who: Existing tenants occupying a property you are purchasing or assuming management responsibilities for.
What: A friendly landlord introduction letter.
When: Ideally, at least 45 days before the transition occurs.