Are you Purchasing Florida Property with Existing Tenant? Many investors purchase homes or apartments in the State of Florida that already have a Florida Tenant residing in the property. It is extremely important for the new owner to determine whether the Florida Tenant that is still residing in the property has an existing lease with the prior owner.
Additionally, the new owner must contact the existing tenant and inform them that the property has been sold to them. If the new owner discovers that the Florida Tenant has a written lease with the former owner, the new owner must allow the Tenant to continue the written lease that they had with the former owner unless the new owner wants to workout an arrangement with the Tenant. If the new owner determines that a written lease does not exist between the tenant and the prior owner and that the arrangement is verbal and from month to month or week to week, and the new owner wants the Tenant out, the new owner only has to give proper notice pursuant to Florida Statute 83.57.
The Eviction Attorneys at 954 Eviction Attorneys, PLLC urge potential owners and investors of homes or apartments that they immediately contact the former seller to find out whether a Tenant is currently residing in the property. In fact, the Buyer should get this sorted out prior to closing and have an assignment of lease be issued from the Seller to the Buyer at closing. An existing Tenant can create a major headache for a new owner as well as potential additional costs for their removal. If you are new owner of a property and are unsure if they can remove an existing tenant, contact 954 Eviction Attorneys, PLLC today at (954) 323-2529.