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Updated almost 6 years ago,
Closing on tenant occupied duplexd
I am set to close next week on my first duplex property in San Diego! The unit I will occupy will be vacant at close. The other unit has tenants that have been in place for 3 years, paying market rents and on a month-to-month lease. I have done my due diligence on the tenants, would like them to stay, and the previous owners have a thorough lease in place that I don't feel I need to make adjustments to.
What is the best way to proceed? Give tenants an introductory letter with contact information and a new month-to-month lease with the same terms? California locals, can you advise...I understand there must be a 60 day notice to END a month-to-month tenancy, is there a same 60 day notice required to have them sign a new lease, or is it 30 days notice?
Brenda