sale of rental property
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sale of rental property (by Mario Brunetti [OK]) Jul 9, 2018 9:42 AM
       sale of rental property (by NC INVESTOR [NC]) Jul 9, 2018 10:01 AM
       sale of rental property (by Ken [NY]) Jul 9, 2018 10:15 AM
       sale of rental property (by BillW [NJ]) Jul 9, 2018 10:26 AM
       sale of rental property (by AllyM [NJ]) Jul 9, 2018 10:46 AM
       sale of rental property (by JB [OR]) Jul 9, 2018 11:29 AM
       sale of rental property (by myob [GA]) Jul 9, 2018 12:36 PM
       sale of rental property (by cjo'h [CT]) Jul 9, 2018 1:30 PM
       sale of rental property (by Pmh [TX]) Jul 9, 2018 1:55 PM
       sale of rental property (by Pmh [TX]) Jul 9, 2018 1:57 PM
       sale of rental property (by Deanna [TX]) Jul 9, 2018 2:08 PM
       sale of rental property (by myob [GA]) Jul 9, 2018 2:57 PM
       sale of rental property (by Robert J [CA]) Jul 9, 2018 3:09 PM
       sale of rental property (by Joy [OK]) Jul 9, 2018 4:09 PM
       sale of rental property (by cjo'h [CT]) Jul 9, 2018 4:20 PM
       sale of rental property (by Vee [OH]) Jul 9, 2018 7:43 PM
       sale of rental property (by myob [GA]) Jul 10, 2018 2:03 AM
       sale of rental property (by Jen Z. [CT]) Jul 11, 2018 6:49 PM

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sale of rental property (by Mario Brunetti [OK]) Posted on: Jul 9, 2018 9:42 AM
Message:

I am selling my rental properties and the new owner is requesting all the personal information I have on the current tenants. Name, date of birth, social security numbers, etc.

I am in Oklahoma. Can I legally give the new owner personal information on my current tenants.

I would appreciate any information you can give me. --184.186.xx.xx




sale of rental property (by NC INVESTOR [NC]) Posted on: Jul 9, 2018 10:01 AM
Message:

You need to give him the security deposits and a copy of any existing leases and lease addendums. Once you complete closing you should provide him with all of their information but in the event that you fail to close you will have provided them with information you are precluded from providing to a non-qualified individual. At least that is how we are instructed to handle this in NC as licensed brokers. --71.75.xx.xx




sale of rental property (by Ken [NY]) Posted on: Jul 9, 2018 10:15 AM
Message:

I tell prospective buyers if it is month to month or a year lease and the amount of rent monthly up front and the buyer can have a copy of lease and application at the closing.I don't pass the info around to everyone who looks at the place because I put in a lot of effort to create my lease and don't want to give copies to everyone to use and there is a lot of sensitive info about the tenant and I don't think that should be just given to anyone who asks for it --72.231.xxx.xxx




sale of rental property (by BillW [NJ]) Posted on: Jul 9, 2018 10:26 AM
Message:

To check credit, I needed to have a site inspection and some other checks. On an application, the prospective tenant needs to sign they are giving permission for me to check their credit. It wouldn't seem right, or legal, to give the tenant's personal information away. My opinion of course :-) --74.105.xxx.xxx




sale of rental property (by AllyM [NJ]) Posted on: Jul 9, 2018 10:46 AM
Message:

Don't give them anything until closing when the check is passed to you across the table. You can give the buyer some information like names and general information like, employed, Section 8, retired. I would not give any more than that. --73.178.xxx.xx




sale of rental property (by JB [OR]) Posted on: Jul 9, 2018 11:29 AM
Message:

Yes, if this is the new owner they have the right to all of that information and you should provide it at their request. --50.45.xxx.xx




sale of rental property (by myob [GA]) Posted on: Jul 9, 2018 12:36 PM
Message:

day of closing-- when funds clear. Not before. Apps are part of the "on going business".

I would not give over collections. Those are yours. ( I am still collecting on property's that I no longer own and haven't for over 2 years) --99.103.xxx.xxx




sale of rental property (by cjo'h [CT]) Posted on: Jul 9, 2018 1:30 PM
Message:

Mario,Bon jorno,If he's buying the property and has put an substantial amount down,and seems like a bonafide buyer,of course he's entitled to any information you have,it's not like he's Joe Blow from across the river,and going to rip someone off....................charlie............................................. --174.199.xx.x




sale of rental property (by Pmh [TX]) Posted on: Jul 9, 2018 1:55 PM
Message:

not entitled to personal info that you have. do not make that mistake. you must follow PCI. you can give copies of leases but not your applications if they have that info. Buyer can ask renters to provide info. --166.137.xxx.xx




sale of rental property (by Pmh [TX]) Posted on: Jul 9, 2018 1:57 PM
Message:

everyone who has said ok to give that info are just absolutely wrong. --166.137.xxx.xx




sale of rental property (by Deanna [TX]) Posted on: Jul 9, 2018 2:08 PM
Message:

"Let me ask my attorney if I can do that. But you know, you really ought to get fresh applications and contact information from all the inherited tenants. People have changed jobs, income has fluctuated, kids have been born, kids have grown up and moved out... much of the info on their original app is stale. Here's a copy of the lease that governs their tenancy, though. But if you want more, you really need to deal with the tenants directly. But let me ask my attorney, just in case." --96.46.xxx.xx




sale of rental property (by myob [GA]) Posted on: Jul 9, 2018 2:57 PM
Message:

Deanna and others. when mortages ARE sold all info is transfered to new owner of note. There's a law stating you have to let the owner know its been transfered.

Second you get what you get when you assume the property's-- no tenant is going to REDO the app or lease for that matter-- until the contract expires. --99.103.xxx.xxx




sale of rental property (by Robert J [CA]) Posted on: Jul 9, 2018 3:09 PM
Message:

They are entitled to the following:

The lease, tenant applications, correspondence dealing with tenancy, notices, rent increase letters and so on. But under no circumstances give them any credit reports. --47.156.xx.xx




sale of rental property (by Joy [OK]) Posted on: Jul 9, 2018 4:09 PM
Message:

I've had a couple contracts to purchase small apartment buildings in Oklahoma. During the due diligence phase, I received all of the leases and applications. I wanted to look over the applications, and not just the leases, to see what kinds of tenants I would be getting with the sale. The brokers gathered all of that information for me. I am not sure if single family would be treated the same as commercial but both are residential. --68.0.xxx.xx




sale of rental property (by cjo'h [CT]) Posted on: Jul 9, 2018 4:20 PM
Message:

Pmh,been here since '57,never been wrong yet?..............charlie........even once....................................ah!^well....................................... --174.199.xx.xx




sale of rental property (by Vee [OH]) Posted on: Jul 9, 2018 7:43 PM
Message:

The estoppel paperwork will show that each party has disclosed each tenant appliance, storage, parking space allocation, current rent and deposit value - that is about it, you can not give out personal info just the same as doctors office. --76.188.xxx.xx




sale of rental property (by myob [GA]) Posted on: Jul 10, 2018 2:03 AM
Message:

OK lets be clear-- who said anything about credit reports? of course you can't turn over the credit reports to a third party but the app for the rental you can. --99.103.xxx.xxx




sale of rental property (by Jen Z. [CT]) Posted on: Jul 11, 2018 6:49 PM
Message:

I personally would not give the new buyer social security numbers and personal information. If the buyer wants it, have the tenants sign a waiver that they give you permission to do that as a CYA. They didn't provide that information to the new buyer - they gave it to you. --32.211.xxx.xxx



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