Considering A Purchase With Existing Tenants

[Russell Schwartz]

I have an opportunity to purchase a property with existing tenants who rent on a month-to-month basis. I intend to hold the property as a rental but wanted to do renovations to upgrade the quality of the space (it needs TLC). Ideally, I do not want to keep the existing tenants and wanted to know what options I have to not renew the lease. I also had concerns that the tenants would not leave, given the current extension of the eviction moratorium. I know technically its not an eviction but I do not how where not renewing a month-to-month lease fits into the regulatory landscape.