Once the lease expires, they would turn to month to month tenants.

The lease should automatically switch to a month to month agreement after the expiration of the 1 yr. agreement.

Since it's rare to find a buyer, the agreement expires and you have a willing seller to negotiate a deal with. 

In essence, they hand-hold you through on how to do two things:  First, find and tie up a select vacant commercial property, then Second get a prospective tenant who would agree to move into that subject property at a future date. 

Here are the dates proposed.  

The current tenant was already in place when I purchased the building, and their lease is set to expire in a few months.

Rents are just being postponed to a later due date.

The least states:"Tenant shall pay a "late charge" not in excess of five (5%) percent of the amount in arrears for each month the arrears remain unpaid if any Rent is paid more than ten (10) days after the due date thereof, to cover the extra expense involved in handling delinquent payments.

All running properties are illegal or running with expired license which is ridiculous since there are so many running STRs there.

I couldn’t even get them out of the home once the lease expired and Nomad would not help guide me in what steps to take or Colorado laws.