View Full Version : Buying house that has renters
LakesMan
May 29, 2007, 03:00 PM
My family is buying a house that comes with 2 renters. Our plan is to turn the apartment into a daycare. The current renters have been offered 6 months of rent and their deposit if they move out. They have declined. I don't want to cause problems, but it seems that they are trying to get more money or are doing it just doing it because they can. I have given them 11 addresses, within 5 blocks of the current location, that have vacancies. NO LUCK!
We really need to have the space for the daycare to pay our bills. We live in Minnesota.
DemonAlcohol
May 29, 2007, 03:13 PM
Just give them a 60 day notice to vacate the premises (or if you are mean and want them gone asap, 30 days). Assuming they are not under a lease, I believe you can just give them a notice to leave. Make sure you get it signed by them and if needed you can have a police escort to the home.
But you have to look at it from their point of view. These people have been living there for some time and have called this place their home. I'm sure they are all settled down and don't want to get up and move just because the previous owner sold the property. It's not their fault that you want to use the property for something else. You are trying to get this family to give up their home. I think most people would put up a fight if they were happy where they currently are.
LakesMan
May 29, 2007, 03:39 PM
I am not uprooting a family. I am not a bad person, I have a heart. This house has been on the market for 3 months. The lack of intelligence, by the current owners, should not constitute an emergency on my behave.
It was in the accepted purchase agreement that " the property will be vacant." We inspected the property twice. With them there. I would like to think a soon-to-be college grad, would be concerned about these actions.
froggy7
May 29, 2007, 05:01 PM
If you are offering them 6 months rent, it sounds like they have a lease. If they do, guess what? You have to let them stay for the length of the lease unless you can come up with an offer that they will take. If they do not have a lease, then you can just give them notice that they have to leave in 30 or 60 days (depending on what your laws say about the required notice).
By the way, before you get too hooked on the daycare idea, is that going to be legal in your area? Sometimes it's not, and sometimes you have to go do some legwork to get the proper licenses, etc.
Fr_Chuck
May 29, 2007, 05:56 PM
If they have a lease, ( and no one said they do) but if they have a lease they may stay in their leased home till th end of the lease.
If they are merely renters, you just have to give them a 30 day notice,
It is your home, do what you have to do.
LakesMan
May 29, 2007, 06:50 PM
Well, they accepted different buyout.
I do not know if or what the lease was, but they are moving out with as far as I know with a good settlement.
My wife now has the opportunity to move her excisting daycare into its own realm. That means no more wondering what I just sat in when I get home for work. (and yes that has happened)
Thank you all and have a delightful day.
excon
May 29, 2007, 07:39 PM
I do not know if or what the lease was, but they are moving out with as far as I know with a good settlement. Hello Lakes:
How is it that you aren't aware of the settlement?? YOU'RE the one paying for it.
But, it's cool. People have strange ways of conducting business.
excon
Fr_Chuck
May 29, 2007, 07:59 PM
I have to agree excon, I wish I had people like this buy some of my properties,
First you if you are the buyer have to know if they have a lease or not, since the seller has a legal obligation to notify you.
Is the seller doing the buyout, to provide you with the house emtpty as agreed to ? If that is the answer, then I guess you don't need to know unless he is adding that to your costs at closing.
But do they have a lease, is the first words out of anyone's mouth if they know renters are in the house.
Also if you already bought the house, legally you owe them the deposit money, it was suppose to transfer at closing as a credit on the final payout sheets.
LakesMan
May 30, 2007, 09:14 AM
I am not the one taking care of the buyout. It was in a signed purchase agreement that the current owners(that we are buying the house from) will have the property vacant upon time of possession change. They had to buyout the lease, not us. The money came from us, probably in the purchase price, but we are receiving a good deal on the property anyway.