Buying a Property With Existing Tenants: What Investors Need to Know

Keys resting on a residential tenancy agreement, representing a rental property purchase and existing tenant lease.

Buying a property with existing tenants can give investors an immediate rental income stream. It may also reduce the time and costs associated with finding a new tenant. However, an occupied property comes with existing agreements, responsibilities and potential risks. Before making an offer, investors need to understand the current lease, verify the rental income […]