“No lease” good or bad if you’re buying?

Categories: Real Estate

A listing description for a house says that a unit within the property “is presently rented for $1,700 monthly with no lease.” Does this mean you can ask the tenant to leave? Or does it mean you will have problems getting the tenant out? Is it good or bad? Thank you.

By MDP14 | 01/25/2008 8:41 PM