Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Starting Out
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 4 years ago on . Most recent reply

User Stats

12
Posts
3
Votes
Andy Park
  • Atlanta, GA
3
Votes |
12
Posts

Do I need an attorney?

Andy Park
  • Atlanta, GA
Posted

I am looking into a duplex in Athens, GA, and it already has two month-to-month tenants. The gross rent is 1,800/month and the listing price is $225,000. The numbers work out for me, but I was wondering if I should get an attorney to vet the leases and contracts before purchasing it (this would be the first property I purchase). 

  • Andy Park
  • Most Popular Reply

    User Stats

    1,611
    Posts
    1,704
    Votes
    Michael Dumler
    • Real Estate Agent
    • Atlanta, GA
    1,704
    Votes |
    1,611
    Posts
    Michael Dumler
    • Real Estate Agent
    • Atlanta, GA
    Replied

    @Andy Park given that the tenants are month-to-month I would terminate the existing lease and create a new one. Whether you want the lease to remain month-to-month or fixed is up to you. Your realtor can provide you a lease contract and make necessary adjustments. Hope this helps. 

    Loading replies...