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Buyers Notice to Seller for Vacant Possession of a Tenant Occupied  Form

Buyers Notice to Seller for Vacant Possession of a Tenant Occupied Form

Use a Buyers Notice To Seller For Vacant Possession Of A Tenant Occupied template to make your document workflow more streamlined.

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Video instructions and help with filling out and completing Buyers Notice To Seller For Vacant Possession Of A Tenant Occupied Form

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Instructions and help about notice of vacant possesion

hi everybody and thank your mortgage agent with dominion Lending centres in today's video is about vacant possession if purchasing a property that currently has a tenant and you would like to live in it it's important to ask for vacant possession in your offer many purchasers when looking at a property with an existing tenant in place plan to close on the property and then give the tenants notice to vacate once they are the new owners however if there is a ten occupying the property on closing the lender will look at the property as a rental property regardless of your intentions as a rental the downpayment must be at least twenty percent of the purchase price and the interest rates may be higher there are virtually no lenders that will make an exception to this and many will want confirmation that the tenants have been given notice to vacate such as a copy of the n12 that was given to the tenants as a current owner who is selling a tenement property in this situation y

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