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Purchased 15 Unit Apt Building, am I responsible for carry over terms?

I'm LLC of a 15 unit apartment building since 2020, my late uncle purchased it in 2008, with 4 tenants from 1998. 


2 of those 4 tenants are still here (2024). Do I have to honor their original lease agreement when we bought the building in 2008?


For we wish to impose a late fee against their current monthly rent 'at 0.6%', instead the $25 listed on their 1998 lease agreement. Am I not being non compliant and against renters rights/


TY

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