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- Hey, Tyler the Cashflow Guys Podcast. In this video, were gonna continue our series on important questions that you should be asking sellers but sometimes dont. And this time were gonna talk about, specifically about, the type of leases a tenants on. Knowing whether the tenant is on a 30 day, or a monthly lease, month to month lease, versus a long term lease, or annual lease. Very important information to know because again, when you buy a property, you are generally gonna be taking over whatever lease agreements that the seller has in place with the tenant. So, if the seller said that the tenant can stay there for the next 10 years at the same rent, youre agreeing to that. So its important to know what type of lease is in place, and make sure that you are comfortable with whatever that lease arrangement is. The best way to do that is when you get into the due diligence portion of the transaction, is that you get an actual copy of the lease. Get a copy of the lease, review it, m