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Updated almost 15 years ago, 11/29/2009

User Stats

41
Posts
3
Votes
Webb Sledge
  • Real Estate Investor
  • Lynchburg, VA
3
Votes |
41
Posts

Leaseback Contract Clause Protection

Webb Sledge
  • Real Estate Investor
  • Lynchburg, VA
Posted

I understand leasebacks can be a great thing for both a struggling homeowner and for us as real estate investors, but if the homeowner files for bankruptcy and gets audited, it can mean a huge headache if not a huge loss of money for the investor.

So, is there any sort of clause you all are using to help protect yourselves from this sort of disaster? Obviously, it will not be construed as legal advice, blah blah blah... but a brief rundown would be appreciated.

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