Legal Question in Real Estate Law in California

I wouldn't leave either, if I had a lease for a fixed term. Maybe you should repost with some more facts.

As Mr. Roach's answer indicates, you may have just bought yourself an income property. When real estate is sold, the buyer takes title "subject to" existing leases. Otherwise, how would major office buildings and shopping centers ever change hands? It works the same with single-family homes. (If the sale is a foreclosure, the result may be different, because the rights of the deed of trust holder are usually senior to the tenant's lease rights. Or, if your tenants are on a month-to-month rental agreement, you can give notice and run the eviction process. I'm a bit surprised that this issue hasn't been discussed already in your purchase process, either by the seller or one of the brokers involved.