Fourplex owner occupied fully rented

[Hector Briz]

Hello,

I’m a first time investor and put my offer for my first fourplex as owner occupied loan.
The place is fully rented but all the leases are month to month. What is the proper procedure in removing one of the tenants so that I move in. Do you have to pay them off or just give a period so they may find relocation?

Also since I’m taking over, should I require tenants to lock into new year leases, or keep them in their month to month? What would you in my place and why?

Many thanks on your advice