I highly doubt a lease is terminated upon receipt of such a notice as title does not transfer.

If they took the deed with "joint ownership" as opposed to "owners in common", then the surviving owner inherits the property and it doesn't go to other heirs through any sort of probate process.

I closed on the 29th and after a few delays with the wire transfer it was finished and (I think) recorded on the 30th.

The rent and deposit were transferred to me in escrow, but went against closing costs, so I still had to come up with cash.

Your warranty deed (probably special warranty) is just a guarantee by the person who sold the property to you that nothing occurred during their ownership that would make the title unmarketable.

@Adam Rosenbeck, I will give you one more reason to base ownership of the LLC/Property based on monetary contribution.

What is the best process for transferring the note and mortgage  to him ? 

Why a Fannie Mae, because on 6/1/2016 Fannie Mae changed their rules allowing a borrower to transfer title of a property after closing, to and LLC that they are the majority owners/members of, without it violating the Due on Sale clause.

Looking for recommendations for an attorney in Maryland to assist with formation of LLC and assist with offer negotiations, tenant disputes , title transfers, etc.  

My question is, if entering in an equity money partnership, how does it work in terms of lending and ownership of the property?