Inheriting a tenants lease

[Philip Mullinax]

Hey guys, I'm in the process of purchasing a fully leased quadraplex.  My question is although I know I have to honor the existing leases, do I need to write new leases with the same terms instructing tenants of the change in ownership and the new payment process?  The previous landlord actually has her bank account listed in the existing leases as the payment method.  I appreciate any insight.

Thanks,

Philip