Inheriting leases at acquisition
When ya’ll take on tenants currently on a year long contract with previous owner, how do you prefer to bind the contract you’ve inherited to include you as the new lessor?
1) Just scratch out old name/address and wrote your name and have them initial/sign?
2) Create new addendum?
3) or do I need a new lease altogether?
I’m in Florida, and I guess I’m not even sure if that contract is still valid, or if it fully transfers to me automatically, etc. lookin for some wisdom and advice! Thanks!