Can You Home With A Tenant Lease In Orange County?
“Can I buy a home that has a tenant lease?” The answer to this question is yes, but, the tenant must agree to move in writing. This situation has to be handled with sensitivity because, tenants in California enjoy more rights than most tenants across the country . If a tenant is happy where they are living, or doesn’t want to move, there isn’t much that you can do to evict them until their lease is over unless you can come to an agreement or are willing to compensate them to move.
Treat the Tenant Right
You’ve found your dream home in Orange County but someone else is living there. What do you do? Have the seller’s agent inform the tenants of your intentions and see if you can both come to a mutual agreement of your intentions with the property whether it is to use it as investment income or your personal residence. Either way, the “Golden Rule” is a good rule of thumb to follow in regards to dealing with the tenants, especially since tenant laws in California heavily favor them in any disputes.
Ask For a Copy of the Lease
Before negotiating with the tenant, make sure to ask for a copy of their lease because it could be a month-to-month lease or it could have two years remaining. The only way to know the facts for sure is to verify what type of lease the tenant really has instead of just taking them on their word.
For more information on how to purchase a property or home in Orange County, regardless if it’s already occupied with a tenant or not, contact Fred Sed & Associates today by calling us at (949) 272-0125.