Q: i am buying a rental duplex.The existing leases go until summer. they also include payment of utilities.
I do not want to pay utilities and also want to increase the rent fairly substantially. The document is titled rental agreement or residential lease and contains no specific language about the sale of the property. How soon can I adjust the terms and price legally? What do I need to do?
A: It does not sound like you are buying anything. Property is transferred by Deed. You might have a lease with option to purchase. If so, you probably can assert yourself as the landlord/manager which the leases are subject to. But a smart recipient of a detainer warrant may question your authority/standing, and in Detainer Cases Title cannot be an issue. Either buy the place, or take your chances and start raising the rent.
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