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This can be a tricky situation and should be handled carefully and with legal representation. It isn't as bad when you are buying a house for revenue property, in fact many people prefer to have renters in place already. When buying a property with tenants and a buyer is purchasing the home as their primary residence, this can get messy. I recently had one where my clients are taking possession almost a month before the tenancy agreement is up. They want to ‘pay her out' by giving the tenant a bonus if she vacates early. I suggested they do everything by … (0 comments)
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