For legal, insurance and any other related purposes, I believe your attorney would strongly suggest you either let the lease go M2M, or replace the existing lease with your new lease (in your name or your company name), but do not create and execute an extension on someone else's lease.Most leases contain language that turns a long-term lease into a M2M upon expiration.

What are some of the best books on explaining the terms of real estate simply?

The SPD is required to be written in a language or format that is easily understood by participants.

All you need is a contract with language allowing it to be assigned. 

@Lydia T.State of FL investigators stated the typical VICTIMS of these scammers are the elderly, uneducated, and people with little/no grasp of the english language.

This dude with no profile pic on his second post will ask about buying a $179,000 triplex built in, say, 1925 in a place like Turtle Creek, Pennsylvania. he'll have some description sheet ginned up by the seller with some vague language about the questionable roof and the convoluted heating system and all he'll want to know is if it's a good deal...the cash flow upside looks awesome, PLEASE HELP!!!

I also mailed a receipt to them the next day with the following language at the bottom:REMINDER:Acceptable payment methods are as follows:Cozy SystemMailing a money order Mailing a checkRent is due on the first of the month, which means if you are mailing payment, it must be received on the first of the month.

Keep in mind that lease language can not contravene state legislation.

I don't recommend investing in offshore real estate unless you go there frequently and have language skills. 

On my offers I always add the language and or assigns to make sure I have the right to wholesale the contract.