Inherited Tenants and Rules and Regulations

[Robert Loiselle]

Hey BP, 

About to close on our first rental property, which is a 3-family in Peabody.  The house is coming with two of the units already rented and those leases both expire at the end of June 2017.  

We want to train our tenants and provide them with a new list of rules and regulations.  The previous owner was a bit more lax and lived out of state, we want to be fair, but show them that this is a business.  

Can you have them sign a new set of rules and regulations when you inherit tenants and their leases?  I ask because typically the rules/regs are part of the lease documents and there are some rules and regulations covered in their current lease.  

I'm assuming you can't change things like late fees or utilities, but may be able to change rules in regards to parking and other items like that?  

Any insight would be great.  We really appreciate the help.