What is the name of your state (only U.S. law)? Oregon
We are in the process of buying a property with a very old manufactured home that is currently occupied by tenants in a month-month lease. Initially we planned to continue renting to the current tenants but we received our inspection report and the home has serious electrical/structural/mold issues. We are requesting that the escrow be delayed and that the current owner give the tenants 30day notice to vacate before we take possession but the owner does not have to agree to this. If he does not agree to our request and we decide to move forward with the purchase, our intent is to give the tenants 30 notice immediately and not offer any ongoing rental contract. Should we disclose the inspection report to them? Either way, what is our liability if the tenants decide to complain about the conditions of this home even if we have asked them to vacate? Could they pursue legal action against us for the condition of the property even if we do not offer a rental contract. We do not plan to ask for rent during this month and plan to refund their entire deposit. Any advice on how to best protect ourselves would be greatly appreciated. Thanks for your time!
We are in the process of buying a property with a very old manufactured home that is currently occupied by tenants in a month-month lease. Initially we planned to continue renting to the current tenants but we received our inspection report and the home has serious electrical/structural/mold issues. We are requesting that the escrow be delayed and that the current owner give the tenants 30day notice to vacate before we take possession but the owner does not have to agree to this. If he does not agree to our request and we decide to move forward with the purchase, our intent is to give the tenants 30 notice immediately and not offer any ongoing rental contract. Should we disclose the inspection report to them? Either way, what is our liability if the tenants decide to complain about the conditions of this home even if we have asked them to vacate? Could they pursue legal action against us for the condition of the property even if we do not offer a rental contract. We do not plan to ask for rent during this month and plan to refund their entire deposit. Any advice on how to best protect ourselves would be greatly appreciated. Thanks for your time!