When we bought these 8 townhouses, most were under a signed contract with the previous owner. I was told that this would carry over to the new owner. The lease was for one year and then a month to month rental. Do these first contracts have any legal standings or should I have re-issued new contracts. Is there a law that carpet has to be replaced every 5 years?
And is there a limit or maximun of the rent can be increased. Thank you