How legally bound am I to lease signed by former rental property owner and tenant? I inherited this property.?
April 26th, 2010 | 
Author: I INHERITED THIS RENTAL PROPERTY FROM MY FATHER AND AM HAVING SOME ISSUES WITH A TENANT HE RENTED TO. WHAT ARE MY RIGHTS IN CHANGING THINGS UP A LITTLE NOW THAT THE PROPERTY IS MINE. I KNOW THE TENANT WILL NOT BE PLEASED WITH SOME OF MY CHANGES.
Posted in Rental Properties
As subsequent owner of the property, you stand in the prior owner’s shoes. That means you are just as bound to the lease as your father was. You have the same rights and remedies as your father had.
You can make any changes you wish, as long as those changes are consistent with the terms of the void lease.
You are legally bound to the terms of the lease in anticipation of it expires at that point you can exchange the terms, also you are legally bound to a tenant’s security deposit if the tenant gave one to your farther even if you never received it personally