what to do with existing tenant lease upon close of contact ?

[Nathan Ku]

Hi Friends

I am closing a contract for a multi family unit in California with existing tenants for which lease ends mid 2020 (next year)

What do you recommend I do with the lease at the close of contract?

Do I need to re-write the lease with same terms and different owner name/contact?

Please advise.

Any other guidance that one needs to do in such situations is greatly appreciated.

Thanks !