First property: Ending Mnth-mnth lease
Hello BP Community!
I'm a few days away from closing on my first property! So excited to get my feet wet in the game and hit my goals.
I bought the property with an FHA loan, and need to end the month-to-month lease on one of the units (it's a duplex) in order for me to move-in. I'm not sure on how much notice they need, but I think in Arizona it's 30 days (I'll need to verify).
What's the process in doing this? Should I let the tenant know right after or before I leave (arrive at) the closing table? How do I formally end the lease? Is a standard written notice ok? Thanks in advance guys!