Thank you, friend.
At this point, the old owner (OLD) becomes a "tenant at sufferance." A tenant at sufferance is someone who has no right to occupy the premises, but is tolerated by the owner and may be terminated at the will of the owner. However, they have to be evicted formally as though they were a tenant that defaulted on the lease - they cannot simply be locked out. Many simply leave upon receipt of notice of eviction. For a step by step eviction process, see here
Let me know if you need a sample notice to quit (i.e. to leave) to send.
I hope this helps and clarifies. Best of luck.
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