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I am thinking of purchasing a new property within the City of Los Angeles (rent control area). There are current tenants living there. My question is this, once my LLC purchase the property, all tenants must sign my new contract/lease agreement if they want to continue living there right?
ESTATE L, CA on Thursday, June 22, 2017
RE: New Property
You as the new owner cannot modify their lease without the tenant’s consent. You cannot kick them out, raise rent and you will want to honor the clauses of their current lease. The lease will stay in place. Make sure you have copies of all current agreements. Good luck!
Posted by J D, CA on Tuesday, June 27, 2017
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