[WSBAPT] Closing of home & leasehold

[Jennifer Sohn]

Thanks, that is my understanding as well. Seller is adamant that the lease is always subject to the PSA so I wanted to double check.

Thanks,

Jennifer

> On May 27, 2016, at 9:54 AM, Laird, Katherine <KatherineLaird at CenturyPacificLP.com> wrote:
> 
> Unless the tenancy is month to month (sounds like it is not), the tenant has the contractual right to remain in the property until the end of the lease (assuming no lease default).  The seller will be default under the PSA if they are unable to deliver possession. 
>  
> Katherine Kramer Laird 
> CenturyPacific,LLLP
> Suite 1680 
> 1201 Third Avenue 
> Seattle, WA  98101 
> Ph. 206-757-8892/Mobile. 206-915-0109 
> Fax 206-757-7890 
> katherinelaird at centurypacificlp.com 
>    
>  
> From: wsbapt-bounces at lists.wsbarppt.com [mailto:wsbapt-bounces at lists.wsbarppt.com] On Behalf Of Jennifer Sohn
> Sent: Friday, May 27, 2016 9:46 AM
> To: WSBA Probate & Trust Listserv
> Subject: [WSBAPT] Closing of home & leasehold
>  
> Hi, I have someone who signed a purchase and sale agreement (the standard MLS form) to purchase a home and to get possession on closing. We are less than a week away from closing and we learned that the lease for the tenant at the home does not expire for another month. "Possession on closing" means the seller needs to make sure the tenant is out of there by closing - right?
> 
>  
> --
> Best regards,
>  
> Jennifer Y. Sohn
> Attorney at Law
> (Licensed in CA and WA)
> Sohn Law PLLC
> 10900 NE 4th Street, Suite 1850
> Bellevue, WA 98004
> Tel: 425.522.3861
> Fax: 425.732.9748 
> Email: jennifer at sohn-law.com
> http://www.sohn-law.com
>  
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