Inherited unemployed tenant

[Jason Cooper]

I just closed on my first multi unit 2 days ago. One of my tenant just told me that he is unemployed. This tenant was currently on a month to month lease, but the seller showed up to the closing without a lease or a deposit. 

I have to get the tenant sign a lease. I have a feeling this situation is a lot more complicated than I am expecting right now. Anyone been through this scenario and have any advice to offer would be greatly appreciated. 

[Adam Martin]

The last thing you want to do is get this person who admits to being unemployed on a term lease.  If he is able to pay stick to month to month, if not go ahead and issue a 30 day notice to leave and if not evict them.  Evicting in most locations for termination of lease is much simpler than past due rent so any term lease is going to lock you in significantly more than it will lock him.  Did you get proof that rents were being paid from the seller or an estoppel showing that there was no deposit?