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Author Topic: Am I Entitled To Rent Money?  (Read 4292 times)

Offline rwya28

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Am I Entitled To Rent Money?
« on: April 20, 2018, 02:37:48 am »
I purchased a property at a tax deed auction in FL.  The former owner had abandoned the property a couple of years ago and when I talked to the property manager he told me the HOA had been renting it out.  I'm not sure how any of that was legal.  But anyway the property I purchased is occupied by tenants.  I worked out an agreement to let them stay until the end of the month.  They had paid their rent to the property manager already.  Am I entitled to the rent money from the date that I took possession of the property?

Offline javipa

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Re: Am I Entitled To Rent Money?
« Reply #1 on: April 20, 2018, 11:07:38 am »
If you negotiated getting the rent, then yes.  Otherwise, you only get what your purchase agreement says you get.

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Offline Bill H

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Re: Am I Entitled To Rent Money?
« Reply #2 on: April 28, 2018, 02:29:36 pm »
Interesting scenario. 

If I remember correctly FL is a tax certificate staie.

You do not have ownership to the property.

You must go through a foreclosure sale and if no one bids or you are the high bidder then you get ownership.

You will hve to read the CC&R's to find out the status of the HOA.

The tax lien may/should have removed their existing  liens,.\.

Upon taking title you become liable for new HOA Fees, etc.

Offline Bluemoon06

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Re: Am I Entitled To Rent Money?
« Reply #3 on: May 09, 2018, 03:14:06 pm »
Basically you get the rent from the day you close at whatever the lease in place says they pay.
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