Re: buying land to cash rent out (what do I need to know)
thanks for replies so far. Just to be clear, there is already a contract for lease on it, which I assume, will be transferred to me. I'm pretty much ok keeping the current contract, but I would like to see it and talk to the tenant.
I hope the contract isn't lopsided and I get burned somehow....that's what I want to watch out for.
For most rental contracts for apartments and such, I don't think a lawyer is used....but what about for this...Is it common to get a lawyer to check the contract? I'm sure it wouldn't hurt; but is it 'normal' and expected to involve a lawyer in this case?