Raising rents???

[Corey Woodruff]

My partner and I have a mobile home park under contract and the lot rents are under market and when we close we would like to bump the rents from 280 to 300 per month. Question is if the tenants are in a year lease at 280 a month can we raise the rents to 300 after closing. If so, how would we go about doing that??

[Rich N.]

you inherit the lease.