I'm purchasing a duplex in the state of Georgia, and it is currently occupied by two tenants. Do the leases automatically transfer over to me upon sale of the property? Or is there any contract or documentation that needs to be used to assign the leases to the new property owner?
1 Answer from Attorneys
The laws of Georgia, not California, will govern, but in any case 1. Be sure to obtain and read the leases, and 2, Discuss the leases with the seller and, if practical, with the tenants so that no one is a stranger.