More details to this question:
If I buy a condo with a tenant in place for another 7 months, who does the tenant pay rent to for the next 7 months, me (the new owner), or the old owner, with whom the lease was originally signed? And...if it's to the new owner, then why would someone sell their condo now when they have a tenant paying rent for the next 7 months?
1 ANSWER
Business Law Attorney serving Farmington Hills, MI
at
Law Offices of Harry Steven Ellman
Update Your Profile
Done evey day. The lease and rents is assigned to the new buyer.The security deposit is given as a credit to the buyer.The rent is pro rated.
Answered on Feb 01st, 2016 at 5:29 AM