State Specific Question About: NEW YORK (NY)

Is it that good that you want to deal with tenants like that? Find another building. Might be dangerous.

I purchased a 4 unit one time and didn't see inside one of them prior to the closing - the people I bought it from had never been inside that unit in the several years they owned the place. The elderly tenant was a hoarder with an INCREDIBLE roach problem.

I wanted the property because of the main house and didn't care what the bungalows looked like - I knew the entire property had been neglected for years.

Ignore the advice “Post on front door and take a picture of the letter for proof and secure it so it does not blow away. Give them 24 hours to comply and state that you will come in whether they are there or not”

Simply because as a potential buyer, you have NO rights to enter the rental Period!

This is between the seller and their tenant,

Now if the seller refuses to deal with the tenant and the tenant refuses to allow you to see the unit, which is not uncommon, you may be able to use this to your advantage, when negotiating the sales price

If you want to go ahead and make an offer, you need to first confirm the length and details of the tenants lease, then factor in a complete gut job once you get them out

And factor that into the sales price,

Do not buy the property. Move on.

This problem tenant is NOT your problem tenant. Do not make himm yours!

Ok ... so since I am a Realtor in NY I'll give you some options :)

1. COMMUNICATE: Many times renters are under the impression that once the property is up for sale they have to move once it's sold. Their thought is "if it's not sold, then I don't have to move". Sometimes the agent and/or the owner/property manager can speak to them about that (especially if they are in a lease). Others are just jerks and want to give everyone trouble. Those are the ones that you most likely want to just get rid of anyway (there are a few ways you can require that as part of the purchase).

2. Hopefully the agent that has it listed has been informed (if you aren't already going through them) and they have advised the owner that the tenants are not cooperating. Don't always assume that the agents or office are telling the owners. Insist that they do. If the owner doesn't seem to care then you may have your answer on whether you want to move forward with the purchase.

3. If no one seems to "care" then you can put in your offer (if you so choose) a clause that either that tenant is OUT before the closing (or no closing occurs); and/or that you have to view the apartment prior to xx date. That is a contingency. If the owners can't make it happen - then you are free from the purchase contract (or you can remove the contingency or negotiate further - your choice). This one could depend on if the tenant is in a lease and what the lease states. Most leases are there to indicate that the lease cannot be broken unless it's agreed upon by both parties and/or until someone is not fulfilling the duties of the lease (such as paying rent, cooperating with showings, etc.). The lease would need to be read to know for sure. However, it would also depend on the owner and how eager they are to rid the place - they then can choose to "buy out" the tenant or just tell them to suck it up and show it - or do nothing. Get a copy of the leases now to see if it's something you can get them to do or use it in the purchase offer.

4. See if the owners/ property manager will go in with you.

5. Don't purchase it and move on.

6. Is the purchase price so good that you just want the property anyway? Then just do it and deal with it. (I wouldn't necessarily suggest this one) since you would have to most likely either deal with this PITA tenant or go through eviction the minute you are the owner of the property. Unless of course you exercise option #3 above with it.

I purchased a multi-dwelling property with tenants that refused to show the unit. I re-negotiated the price and was assured that the unit had no lease( that might have been a stipulation).

After the purchase, I started court proceedings and had everyone evicted for non-payment.

Make sure you get all vital information on the perspective dwellers before the purchase if and only if you decide to proceed.