New Landlord— Lease and LLC Questions

[Joshua Koronich]

Hi All, I’ll be purchasing my first duplex next week. One side I will reside in, and the other is in a lease until August of 2018. I want honor the current lease in its entirety. However, I want to make sure that I’m protected. Do I need to have the tenants sign a new lease or how do I handle that situation (any legalities I need to be aware of)? Also, recommendations on using an LLC for the property? I’ve heard LLC’s are the way to go but I need to do it asap if so.