Harmon) thought about Assembly Bill 139 which will create a non-probate method for conveying interest in real property, and how it will effect their business?  

Simplifying language is about more than conveying information to tenants, it is about increasing accessibility to a legal system in which they have every right to participate.”Opponents of the bill say it will drive small landlords out of the business and make the housing crisis worse.

I think what you’re conveying is, why put tenants on a paper lease in tenant friendly states?

Also check if the rent escalations are 3% annually, per CPI, flat, etc.Whatever the case it's imperative you thoroughly analyze each lease during due diligence and obtain signed estoppels for each tenant that are consistent with seller's conveyed info.

Your main focus should be conveying as much information about the subject property as possible.

I have reviewed my purchase contract and the only thing I have found that may have any relevance is "Merchantable title: At closing the seller shall convey good and merchantable title via general warranty or other appropriate deed."

Generally, the coverage of the policy will state; “The coverage of this policy shall continue in force as of Date of Policy in favor of an Insured after acquisition of the Title by an Insured or after conveyance by an Insured, but only so long as the Insured retains an estate or interest in the Land, or holds an obligation secured by a purchase money Mortgage given by a purchaser from the Insured, or only so long as the Insured shall have liability by reason of warranties in any transfer or conveyance of the Title.”

If your deed doesn't convey it, it makes no difference what a website says.

Sales only occur at public auction, and the sale conveys title to the property itself.”

It would be very important for you to convey to them that you're learning about the process and explain that they're not creating competition for themselves.