Transferring Lease Agreements from Seller

[Brad Louden]

When taking over a lease from a tenant(s) on an investment purchase, what does that procedure look like?  Is a new lease drafted or an addendum to the current lease etc.?  Thanks in advance

[Scott M.]

You can ask a tenant to sign a new lease but they are under no obligation to do so.  Obligation is actually on you to honor the exsisting lease if the tenant refuses to sign a new one.  But if you have one you prefer you can always ask, just not force.