new landlord / old tenants
I am a new land-lord and would like to tell the existing tenants of my needs for tenant rules.
Such as (1) Utilitys must stay on,(2)Increase of rent,
(3) Bi-monthly inspections,(4) A deadline for payment of rent,(5) late fee for overdue rent, (6)Living area must be kept clean, (7) damage to property will be taken out of deposit, and the deposit must be replaced.
May I put these rules in a new a new lease agreement to over-ride the old lease agreements?
Re: new landlord / old tenants
The answer to your question depends on what type of lease agreement the tenants were operating under with the previous owner. As a general rule a new landlord is bound by the lease in effect at the time of the purchase, until it runs out. Then the new LL can present the Tenants with a new lease with the new terms.
If you have questions about how the current leases affect your situation please feel free to contact me or another attorney directly.
Bryan Lade
None
PO Box 105804
Jefferson City, MO 65109