Buying apartment building

[MarkusL1]

Hello!

I'm planning to buy a 10 unit apartment building in the DR and convert it into a apartment hotel. How is the legal situation in regards to the old tenants. Can I just wait for all leases to end and not renew them, or do longterm tenants have a right of a very long cancelation term (like in Europe).

Thanks for your input.

[Dolores]

If the building has people renting, it doesn't look good for you. Laws in the DR protect the tenant, and you could find yourself with many a tenant that decides to stay on indefinitely.

[Golo100]

Stay away from this. You could spend your whole life trying to get these people out. Once they know your intentions, you will get milked out of your money.
TW