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If the house i am buying in NY has a tenant, can i raise the rent on the them when i buy the house?

The house is located in Nassau County, New York, it is a 2 family house, i plan on living on the first floor and renting the second floor, there currently are tenants who moved in 3 months ago. If i purchase the house, do i have the right to increase their rent, i feel the current rent they are paying is to low.
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October 04 2013 - Westbury
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Answers (2)

I am not familiar with NY landlord tenant law.  If you intend to become a landlord you should print a copy of the law off the internet and learn what your duties and responsibilities are.

In PA if the tenant is month to month ( no lease) you can raise the rent after you buy the property.  If they have a lease you have to wait until the end of the lease.  In PA the lease goes with the property and must be honored by the new owner.
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October 05 2013
No, the lease they have is binding on the current owner and to you when you buy it. Once it expires then you can but not before.
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October 04 2013
 
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