New property with existing tenants .. how do I transfer the lease

[Jamie Powers]

I am purchasing a condo in San Diego county that has existing tenants. They are about six months into a two year lease. What is the correct process for transferring the lease? i.e. Do I need to draw up a new lease between me and the tenants with the same terms? Can the existing lease be transferred? Need help.

Thanks.

[Bob Okenwa]

Out here, residential leases "run with the land" and would remain in place, regardless if the property is sold or transferred to another owner. I'm not a lawyer and do not have a license to practice law or real estate in California so it would be best to run such questions by a legal professional.