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I am in California. If the month to month tenants have been living there for a year (California Property), they will need a 60 day notice. I would want clarification prior to signing the lease, as to who is paying the property manager. It is not safe to "assume" anything. EVERYTHING needs to be in writing. Is he receiving a 1 time payment at the time the lease is signed, or is he collecting monthly payments as well ? What will you do if the property goes to foreclosure sale and the purchaser wants to be an owner occupant ? What will you do if the tenants don't move ? Who is paying for the unlawful detainer action? How long will it take if they fight it? It takes MONTHS in California. What happens if the tenants damage the property? That's all I can think of at the moment :). I hope that everything works out perfectly !!!
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