Buying a Property with Tenant in Place but No Lease

[Mark Phillips]

I am closing on a property at the end of the month, and there is a tenant in there that has been there for 3 years. The original lease has since expired, and there was no written provision that the lease automatically becomes a month-to-month, so they are currently a tenant-at-will. They have been paying every month and are never late, but there just is nothing written. I am planning on flipping this home and not keeping it as a rental, and am getting it at a great price. The seller also does not want the tenant to know that they are selling it, so getting a new lease signed prior to closing is out of the question. Would you close on a property and then just give them a 60 day notice upon closing?