Real Estate dominates the economy in South Florida. As a result, people are always buying and selling homes. Many times they will purchase a property with a Tenant. While most think that they have to leave, that is not the case. Therefore, if you purchased a Property with Tenants in Broward or Palm Beach County, contact the Law Office of Brian P. Kowal, PA .
Can I Evict a Tenant living in the Property I just bought?
After someone purchases a property, they should determine if there is a Tenant living in it. If they discover that there is, they need to find out if there is a lease. This enables the new owner to determine if they need to comply with it. Regardless if the term is a year or monthly, they must contact them to let them know that they are the new owner. Once this occurs, they need to provide them a Tenant Estoppel Form.
This is signed by the Tenant stating the terms of the lease including the rental amount and deposits given to the prior Owner. These include first and last month’s rent as well as a Deposit. If there is a lease, they must continue its’ terms. However, if it was never signed, they will have a month-to-month lease with the new owner. As a result, if they want to terminate it, they need to give 15 days notice that it is terminated. If they fail to leave after the termination date, they become a Holdover Tenant.
If you purchased a Property with Tenants in Broward or Palm Beach County, contact the Law Office of Brian P. Kowal, PA at (954) 990-7552.