Landlord Question and Answer Forum
I am a first time landlord. The property was recently tenated. This tenant was not told the property would be sold very soon. They have lived there less than a month. I was able to review all the backround information and would like to keep them .The rent and the duration of the lease is acceptable to me.
I am not sure what the list of forms are I need. I am afraid I will leave something out.
Michelle L, on Saturday, April 21, 2012
RE: First Time Landlord
Hi Michelle, it would be best to have them sign a new lease, with you as the landlord. Def use a state specific lease.
Posted by
Jessica B, MD
on
Sunday, April 22, 2012
RE: First Time Landlord
It appears that you just purchased the property that already had tenants. If this was the case, did you get a chance to or get a copy ot the lease agreement? Also, I'm assuming that the seller collected a security deposit from tenants. If so, did seller transfer the deposit to you at closing. The deposit information is usually in the agreement.
Posted by
Bob R, CA
on
Sunday, April 22, 2012
RE: First Time Landlord
One more thing I forgot to mention. Assuming there is a lease (other than month-to-momth) you will, I believe, have to honor the terms unless BOTH parties agree to renew it.
Posted by
Bob R, CA
on
Sunday, April 22, 2012
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