Buying a house with existing tenants means you are purchasing both a property and a . Because leases "attach" to the home rather than the owner, you automatically become the new landlord and must honor the existing terms until they expire. Key Benefits and Risks
You save the time and expense of marketing the property, screening new tenants, and paying leasing commissions.
Before closing, verify the following details to avoid "paperwork defects" that become physical or financial liabilities later.
You are responsible for all safety codes, HVAC, plumbing, and structural upkeep from the moment of closing. Critical Due Diligence Checklist