Buying a Rental Property with Tenants

When purchasing a rental property should you keep the existing Tenant on? This is a really good question and often in our experience the answer can be yes so long as the right process is followed.

Regardless of whether you intend to retain the Tenant or not, ALWAYS ensure that vacant possession is stipulated on the S&P Agreement before going unconditional. (See more on this below).  In addition to the benefits outlined below this also allows you to go unconditional without having to wait for all of the below checks to be completed.

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