Lease renewal notice - inheriting tenants

[Fedor Volkov]

Hi BP community! 

I'm closing on a triplex in Avondale next week and I'm inheriting tenants in one of the units. Their lease (a standard CAR form) is ending May 31st and there are no provisions in the current lease for any renewal notifications. 

As the new landlord that will be inheriting their lease, what are the actions that I need to take to make sure I'm in compliance with all relevant regulations? 

Some more specific questions:
1. Should we send them a notice 60-days in advance or 30-days in advance that we would like to extend the lease for another 12 months with the new rent offer? 

2. What are the actions if we don't reach an agreement to prolong the lease? (e.g., is there a specific time before the lease ends where we need to notify that we will not be extending the lease?)

3. If someone has the latest 2020 CAR lease form, could you kindly share? 

Thank you for your help!