REO 2 family with tenants

[Brian LaBrec]

I am in the process of closing on this 2 family bank owned with holdover owner and one other tenant.  middle of the winter and although they have not paid for a long time I like occupancy to keep the place heated before disrupting things.  my plan is to approach the tenants and notify them that I am the new property mgr and I am there to get a month to month lease in place.  they are welcome to stay but must sign the lease and start paying rent.  failure to sign will result in eviction.  Does anyone have any suggestions on this approach.