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We are looking to buy a home that is a short sale. There is currently a tenant in the house and we cannot

continue to rent to them because we are getting an fha loan to buy the house. Any advice on what needs to be done to get them out or does their lease agreement trump our new contract??
Sun Feb 17 2008, 11:53 - 85086 - Home Buying - 4 answers
 
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Stevi Gac...
Home Buyer
in 85086
Stevi Gac..., Home Buyer in 85086 in 85086
Answers (4)
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Jay Thompson was FIRST TO ANSWER
Hello,
I would make an offer contingent upon the tenants moving out by the close of escrow. The current owner can try and negotiate that with the current tenants. If it is not possible, I would probably move on to another property.

Thu May 22 2008, 09:49
 
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Don't waste you time on this home! Their to many homes on the market. The Rental contract will move on with the purchase of the home. The only way is to get the owner to get them out of the home by adding a contingency to the contract. My advice look for another home! I live in your area. Call us if we can help!

Wed May 21 2008, 13:17
Web Reference: http://www.mikeandcathycaywood.com
 
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Make your purchase and sale contingent on tennant moving out before closing, let the owners deal with it. That's always the easiest way. If that doesn't work you should talk to an attorney and see what else can be done.

Sun Feb 17 2008, 13:29
 
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FIRST ANSWER
"Tenants Rights" laws in Arizona generally mean that a lease transfers with ownership change. As with any rule or reg, there can be exceptions.

It's possible that the tenants may want out, or would be agreeable to some sort of "buy out".

A real estate attorney is your best bet to fully understanding the tenants rights.

Sun Feb 17 2008, 12:31
Web Reference: http://www.phoenixrealestateguy.com
 
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