Should i rent a property thats close to closing on a sale?

Asked by Tyanna Bowman, C & T Properties, Garner, NC Sat Mar 16, 2013

The owner of the property is close to vlosing on sale in like a week. Is it safe for me to sign the lease prior to closing

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5
Antonio Vega…, Agent, Saint Cloud, FL
Sat Mar 16, 2013
I don't see how signing a week before closing would benefit the seller, unless they agreed to sell the home to an investor who wanted a tenant in place. So I would ask the seller to let you speak the future owner prior to signing anything. If the future owners sounds like the landlord you would like to have then take the lease docs to you attorney for review before signing.
0 votes
Bill Eckler, Agent, Venice, FL
Sat Mar 16, 2013
Tyanna,

This is not intended to be taken as legal advice...My recommendation.....wait a week to be sure the transaction closes. Or enter into an agreement that allows a "kick out clause" that protects you in the event the property doesn't close.

Good luck,

Bill
0 votes
Kevin Clouti…, Agent, Cape Coral, FL
Sat Mar 16, 2013
Better ask an attorney. He is likely to say no or make the lease subject to the buyer actually completing the sale.

I wouldn't put any money down either until its closer.

This is not legal advice, just a Realtor's opinion.
0 votes
Brian McGree…, Agent, Sarasota, FL
Sat Mar 16, 2013
Tyanna,

Your question would be best answered by an attorney.

BRIAN A. MCGREEVY
Broker/Owner, REALTOR, MBA, GRI, ABR, SRES, RRS, AHWD
Five Year Winner - Five Star Award- Best in Client Satisfaction
Sarasota Home Realty
2100 Constitution Boulevard
Sarasota, FL 34231

E-mail: SarasotaReal@gmail.com
Phone: (941) 544-6763 FAX: (941) 866-7588
0 votes
Tammy Hayes, Agent, Port Charlotte, FL
Sat Mar 16, 2013
I would recommend that you read the Florida Landlord and Tenant laws at - http://www.800helpfla.com/landlord_text.html or consult with a real estate lawyer before signing a lease agreement if you have concerns.

Tammy Hayes, Realtor
RE/MAX Palm Realty
tammyhayesre@gmail.com
http://www.tammyhayes.remaxagent.com/
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