Investing with Confidence When Buying Property with Tenants in Place
Understanding the Concept of Tenants in Place When purchasing a residential or commercial property, some investors come across listings that include Tenants in Place. This simply means the property is already leased, and tenants are currently occupying the space. These existing tenancy agreements continue after the sale, and the new owner assumes the role of landlord under the current terms. Having Tenants in Place can be a highly strategic move for investors, especially those looking for immediate rental income. This arrangement is common in the investment property market and can offer both convenience and a steady cash flow. However, it…
