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?
If you negotiated getting the rent, then yes. Otherwise, you only get what your purchase agreement says you get.
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.
Basically you get the rent from the day you close at whatever the lease in place says they pay.