Updated almost 7 years ago on . Most recent reply
Lease extension on a newly acquired property
Hello BP community,
I recently bought a rental property with long term tenants in it. They had been signing lease extension with the previous owner for several years. One tenant's lease needs to be renewed soon. Can I just sign another extension on the lease or do I have to put in place a new lease with my name on it? How have some of the experienced people on the forum handled similar situation?