Georgia Agent as Landlord + Investor | Broker Answers FAQ

What disclosures are required when the landlord holds a Georgia real estate license? Derek Varnadoe is a licensed Georgia real estate broker and the VP of Broker Services at Solid Source Real Estate Companies. He discusses state disclosure requirements and how to best handle buying and selling real property "subject to" an existing lease agreement. Most community associations have restrictions on renting. How can buyers protect themselves when placing offers to purchase? Derek shares ideas on how the offer can be structured to disclose and protect the buyer's interest (special stipulations). Georgia's common landlord-tenant law requires a 60 day notice from landlord to tenant when a landlord is terminating occupancy; however, the terms of the written lease would prevail. Common law only requires a 30 day notice from tenant to landlord when a tenant is planning to vacate. Again, the lease agreement should be carefully reviewed and would prevail. When a buyer purchases a property that is leased, the buyer inherits the lease (and tenant) upon closing. For this reason, buyers are strongly encouraged to review the terms of the lease and perform their own due diligence. Derek also discusses advertising and how agents can stay out of trouble when promoting their own property. Agents should never advertise in a manner that is misleading or inaccurate and should focus all ads on the property and its features. -------- SUBSCRIBE TO OUR YOUTUBE CHANNEL TO BE THE FIRST TO LEARN OF INDUSTRY CHANGES AND EXCITING ANNOUNCEMENTS!!! HIT THE NOTIFICATION BELL :) https://bit.ly/3B4jZo6 If you have any questions or would like to understand more about being an agent with Solid Source, please visit https://www.solidsourcecareers.com or https://calendly.com/solidsource/info to schedule a confidential call with us! TESTIMONIALS FROM OUR AGENTS: https://bit.ly/3hlm9aU HELPFUL PLAYLIST FOR NEW OR RE-ENGAGING AGENTS: https://bit.ly/3qTp1iD TOP QUESTIONS ASKED BY AGENTS ANSWERED: https://bit.ly/3ywWvG1 HOT MARKET TIPS AND ANSWERS: https://bit.ly/3jRhoYl CONNECT WITH SOLID SOURCE: TWITTER: TWITTER:   / solidsourcerealestate   FACEBOOK:   / solidsource   WEBSITE: https://www.solidsource.com/ Copyright © Solid Source Real Estate Companies. All rights reserved. This material has been prepared for informational and educational purposes only, and is not intended to provide, and should not be relied on for, legal advice. You should consult your own legal counsel, or real estate broker if a real estate licensee, before engaging in any transaction. #realestatesuccess #realestatetraining #newagent #solidsource #realestateinvesting