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TheMentat TheMentat is offline
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Join Date: Dec 2004
Location: Ocean Park, BC
Posts: 2,451
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Quote:
Originally Posted by bpu699 View Post
it doesn't matter what the renters sign or don't sign... Its not unusual for a renter to "stay over" or move out after a deadline...

You need to make sure your contract explicitly states what happens "if" that occurs... Thats what lawyers are for.

"if tenant is not move out prior to walk through then buyer has option to terminate contract, or, without terminating the contract be paid $500 per day by the seller and closing is postponed until tenants leave.

If you buy the house with the tenants in it, then you have to evict them.

You do not deal with the tenats... The seller does... Assuming part of the sale contingency was that they move out.

Bo
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Old 08-12-2015, 09:47 AM
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