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Home › Forums › Closed Forums › Buying and Selling RE › Buying Foreclosure with a Tenant Occupied
Who is the tenant paying rent to ?
Areas of LA have rent control, that is the reason it may be difficult to get rid of them.
They may be allowed to stay.
Talk to a real estate attorney in the area of the property. If they are buying for a primary residence, there may be a loophole to get tenant out with a month to month agreement.
If they have a lease it is valid.
the rent may be very low.
I know a guy in LA who has lived in a unit in LA for over 25 years.
His rent is about 30% of what current market rent is. He’s not going anywhere.
San Francisco has similar restrictions.