Sold my property, but tenant owes me money

[James1202]

Originally Posted by games805

Hi everyone

I recently sold a small section of my commercial property. Escrow closes most likely wed or thursday this week. I have a tenant who owes me in some back rent, and i'm wondering how do i go about getting that money? I put together a note for him to sign so we can deal with this personally. If he doesn't sign the note, do i lose out on the money he owes me?

In CA

If you were smart that debt would have been added to the purchase price as a collectible.

[pvande55]

A legal question: if you manage to collect some of it, could the new owner make a successful claim for some of it?

[texdav]

I agree'likely you are either going to court if he doesn't declare bankrupsy and leave you holding the bag before.