Taking over a lease at sale

[Kathlyn Lewis]

Hi,

Wondering if anyone has any input on how to go about taking over a lease when buying a property. We are about to close on a duplex that has six months left on a lease for one unit and a new month-to-month contract on the other unit. Do we need to set up an entirely new lease or can we just assume the contracts already in place?

Also curious - someone posted a couple years back about a service they use for online rent collection that charges $3/payment. Anyone know what that service is?

Thanks in advance for your help!

Cheers.