I own a condo in southeast Denver, CO. It is a small one bedroom. I have been renting it out to the same individual for ten years. Every year he signs a lease. I have a copy and he has a copy. He puts the rent into my checking account the first of every month and I make payments on my mortgage. So I pay property taxes. My concern is if he has been renting it out for so long, can he somehow try to take possession of the property? If I want to sell the property can he do something like resist to move out?
The information provided is for general information and does not form an attorney-client relationship. See our .Bill HenryFounding Partner | 18 years of experience
Bill HenryFounding Partner 18 years of experience
Does your tenant have any legal right to claim ownership? No, not if you have a simple standard lease agreement. Can he cause difficulty when you wish to sell? Yes - It is always easier to sell a vacant unit. You will likely want to time your sell with the end of a lease term. Contact us if we can help you in the future.
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