re: Buying a rental property that is currently leased

quote:

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What's the status on buying a property as a primary residence but currently has a lease in place with tenants?

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You can't kick them out until the lease is up, and even then there is a notice period defined in the lease and/or state law. It's usually 60 days but that varies by lease and state. And sometimes county/parish or city.

So if you close the deal on March 1 and the lease ends March 30, don't think you are moving in on April 1.