Acquiring multi unit property with tenants

[Connie Steele]

We are acquiring a 16 unit property and 14 of them are occupied.  I am wondering if we do a new lease with the tenants that are currently with leases and how much information do you give them?  Your lease, your checklist for vacating the premises, etc.   Do you talk the current MTM tenants into a lease if they are clean and you want to keep them?