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Assuming the Tenancy with a Foreclosure

Blog by Ian Watt | December 4th, 2008


Vancouver Condo Real Estate Video Blog #196 - December 4, 2008

Assuming the Tenancy with a Foreclosure

Ian Watt video blogs about completing on a foreclosure may require you to assume the tenancy that is already in place. If you want to voice your opinion or if you don't care for Ian's comments please email your feedback to ianwatt@ianwatt.ca and visit http://www.ianwatt.ca/RealEstateVideos for all the Ian Watt Real estate Video Blogs.


Ian Watt: Hi good afternoon! It’s Ian Watt in Downtown Vancouver. Just driving along Beach Avenue heading to the Icon 2. Now one thing that come up with the foreclosure that I have an offer on the go right now and this foreclosure is tentative. Guy wants to occupy but that's the thing about foreclosures. If you have a tenancy in place your buying it you have to honor the tenancy. It's unfortunate but you might be a little strike a deal with the tenant pay them to leave on their on collision. However, unfortunately if you want to occupy a space in two weeks. It's unfortunate but you have to honor the tenancy that's already in place. My name is Ian Watt. You can always email me at ianwatt@ianwatt.ca. Thank you very much and have a great day!