An Ohio property buyer overlooked clear signs of an existing tenant – a jury handed them a $150,000 bill for it.
Here is a real estate deal that went sideways in almost every way imaginable, and the lessons it left behind are worth paying attention to.
In June 2020, DQ Dream Properties, LLC bought a commercial property in Butler County, Ohio. The purchase agreement, signed by Kenneth Roesel on the sellers’ side, stated that no tenant rights applied and that the property would be vacant at closing. DQ signed on the dotted line and closed the deal…