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Are You About to Sell an Investment Property with one or more tenants?

By
Services for Real Estate Pros with Fidelity National Title 540-EA-52017

Examining your agreementsAre you about to sell an investment property with one or more tenants?

If so you may want to waive the payment of utilities by the closing agent at closing.

Read through the rental agreements, many tenants have agreed to pay the utilities (yes even lienable utilities) to the landlord. 

Automatically asking your Closing Agent to collect and pay final estimated utilities at closing may not work as smoothly for your customers when you have tenants paying the utilities to the owner.  

When in doubt, always check with a real estate attorney.

Enjoy your weekend!

Julie