existing tenent issue after auction sale

I bought a property in auction sale on 11/3, but there is a family living there. I contact the leasing agent who leased the property before. The leasing agent gave me three options:
1): Give his tenant 2 weeks to find a new place to live
2): Honor the existing lease agreement, but he want to manage our property to get 8% rent
3): He told me that there is new laws to allow tenents to live in foreclosured house for three months free.

Any suggestion about my situation? Is that true to give tenents living free for 3 months? I'm sick fo this if this is true. We spoke to the tenants. Both hu*****and and wife have a good job, they seem very nice, but not their leasing agent. The agent tried to blackmail/boss me how to do this

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There might be law to allow tenants to live there -sunskitehomes- 给 sunskitehomes 发送悄悄话 sunskitehomes 的博客首页 (579 bytes) () 11/04/2009 postreply 11:32:33

just my 2 cents -dcfirer- 给 dcfirer 发送悄悄话 dcfirer 的博客首页 (1126 bytes) () 11/04/2009 postreply 18:51:11

are you sure "it’s actually a criminal act"? -sunskitehomes- 给 sunskitehomes 发送悄悄话 sunskitehomes 的博客首页 (411 bytes) () 11/05/2009 postreply 13:46:51

It all depends on what you want to do with the property. -cultuslake- 给 cultuslake 发送悄悄话 cultuslake 的博客首页 (331 bytes) () 11/04/2009 postreply 19:53:10

thanks for all you replys -changchunman- 给 changchunman 发送悄悄话 (593 bytes) () 11/04/2009 postreply 21:35:45

This would be the best ending for you -sunskitehomes- 给 sunskitehomes 发送悄悄话 sunskitehomes 的博客首页 (63 bytes) () 11/05/2009 postreply 06:43:32

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