New Owner, Can I break a current tenant lease? (New Mexico)

[Carlos Martinez]

Hello BP,

I just closed on my first 4 plex using my VA Loan which means I have to occupy one of the units. I must move in by Jan 1, 2017. All 4 units are currently rented, 2 are month-by-month and the others have contracts until Feb 1st. The best tenants are the month-by-month ones, and the problem child is one on contract. I know this because I created a relationship with the other tenants and they all point the finger at that one. Having said that, I want to evict them since I have to move in and I also want to get rid of those problems. I have not notified them of anything yet.

My question is, as a new owner, do I have to respect the current lease they have or can I simply give them notice to vacate. If I cant just void their lease, can I get some tips on offering cash for keys or other things you guy have tried.

Also, can I raise the rent on the tenants on contract?

All help will greatly be appreciated!

Thank You