Changing a Tenant's Lease to My LLC

[Erwin F.]

***FIRST TIMER!  FIRST TIMER!***

Hi all,

I have a lease agreement with a tenant that I inherited in August 2014. He's a month to month and the lease is between the Tenant and Me (personally). I was hoping to get some help on what my options are for getting the lease agreement between the Tenant and our LLC. I was also going to raise rent o be closer to market value and possibly try to get him on an annual lease.

• Do I have to sign a brand new lease with him?
• Could I send him a letter stating that all terms are the same except payee and rent amount (excluding annual lease)?

What do you all think is the easiest and safest way to approach this?  Thanks in advanced.