Existing Tennants Lease Transfer with New Ownership
Hey everyone. I recently purchased a duplex in Sherman Tx. I inherited tenants on one of the sides.
First question. Does the existing lease transfer with new ownership? I have a copy of the current lease, but am trying to get tenant to sign a new lease with all same rates, but my information.
Second question.
The current lease states one tenant and one occupant. There is a separate section for occupants. How is the occupant held liable if at all for rent? I know that if there are multiple tenant's then they are jointly and severely responsible. On the new lease i am thinking i should add the occupant as a tenant.
Thanks!