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