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Updated over 7 years ago, 06/22/2017
Lease contract question
I am buying a rental property at Bay Area with rental control has a tenant who is on month to month lease with selling landlord. I am planing continue with the term's the selling landlord. This is my first time to get a property with tenant, not to mention in rental control area so I come here for advice on following questions:
1. Do I need write a new lease or just a rent estoppel certificate refer to the old lease the tenant with the seller?
2. If I need a new lease, my agent suggested I refer to the old lease. But how do I refer to the old lease (I plan to honor all old lease teams ) in new lease? I plan to use exactly same write up as old lease, but then where and how I can refer the old lease?
3. Escrow will be close early next month, should I put 7/1 as start of new lease or 1/8? Or the date of the escrow close?