Rentals in 78209>Question Details

Jc, Renter in Deland, FL

is there any concerns to be aware if I rent a home to a tennant that wants to form an LLC?

Asked by Jc, Deland, FL Thu May 10, 2012

eventually the tennant would like to do an option purchase in about 18 months

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No LLCs, No Lease Options, No Lease Purchase. No Lease to Own.
If they want to purchase in 18months, sign normal lease now and tell them to make you an offer in 18months.
They make you the right offer then, you will sell to them then.
No funny business in the meantime.

How do you evict an LLC if they don't pay. How do you check credit on a new LLC.
You want individual names who are responsible and who have a stake in the lease and the consequences that come with it if they default or don't pay.

Keep it on the up and up.
0 votes Thank Flag Link Fri May 11, 2012
Bruce Lynn, Real Estate Pro in Coppell, TX
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