New owner lease agreement

[Tina Trussoni]

I am purchasing a duplex and close soon. the realtor is saying no revision is made to the lease agreement that is currently in place until their year lease is up. That I just tell them my name and the address where to send the rent checks. Is this correct? The previous landlord had them mailing checks but I want an automatic payment directly to my bank account, so this will be entirely a new process for the tenants. Is that feasible or should I continue the way that the tenants are used to?