Buying A Home
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2 homes on one lot- question
So there is a listing in our area we are going to look at. It has a 3br 2bath house and also a 2br 1.5bath smaller house on the same lot. Currently there is a tenant in the smaller house, but if we did end up buying that house we wouldn't need/want the extra income a rental property would provide, we would want to use it for our own needs --either as a home business or for my MIL.
How much notice would we have to give to the tenant (who has lived there for a few years)to evict them??
~Jenny~
Re: 2 homes on one lot- question
You'll want to talk to your realtor, but it may be possible to make a clause of your offer that the tenant must vacate the second home before or upon the closing date. Then the only thing you'll have to worry about is moving yourself in!
I'm not sure if you'd be allowed to get a clause in there that the tenant would need to leave prior to closing, but probably by the closing date.