Yes, assuming you're lending funds for someone else to complete a real estate purchase, your investor-borrower should be arranging for this to happen, by way of your closing agent (escrow company or closing attorney).If, for example, you were funding a purchase of a house located in the city of Atlanta, Georgia, the closing attorney would be instructed to:Draft a security deed (Georgia's version of a mortgage)Have the investor-borrower properly execute the security deedRecord the security deed with the Fulton County Clerk (since Atlanta is in Fulton County)Provide you with a copy of the recorded security deedThe attorney would also create a note, outlining the specific terms of the loan.

@Kevin Flowers  I'm not familiar with your area. 

Many renters understand the situation, are happy to hear an improvement will be made to the property, and can find other arrangements for a few days.

I am about to put an offer in for a duplex in Austin and my lender informed me that I would have to have a rental lease agreement showing the arrangement is in place for at least $1700 rent for my tenant (because I am using the projected rental income as part of my loan) BEFORE CLOSING.

Is this what your attorney prepared or arranged?

Otherwise, you would merely extend your contractual arrangement, absent an assignment of beneficial interest.

Arrange financing, with title company to administer the construction fund.

Go talk to a lawyer, you need to re-arrange this asap. 

We operate between Buffalo and Rochester New York Hi Davidwhat is typical management cost for a duplex. do you arrange renter and maintenance. it would be a long distance investment and need to be secure in case the tings go wrong

I ask because the mentioned arrangement may include my brother and/or my father.