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Updated about 5 years ago,

User Stats

14
Posts
0
Votes
Sheri R.
  • Homeowner
0
Votes |
14
Posts

Best Way to Protect myself from Liability When Renting

Sheri R.
  • Homeowner
Posted

My son will be living in the house and may have room mates. If action is brought against my son, I don't want legal responsibility. I will insist on adequate insurance.

If i put the house in my name, can i rent or lease the house to him without recourse from  anyone subbing from him.

If i put both our names on the deed, are we equally liable? I would like to keep control of the house if possible.

The house was built in 1972. There has been several additions made to the house, some possibly without permit. I checked with code enforcement. They could not tell me if there were any code violation or permits issued. They did say there would be no city inspections just because the ownership changed. If i find un-permitted work and wanted to correct the work and asked for a permit then they would send out an inspector. I am getting educated in handling my first ever rental. Is the greatest problem,reselling the house if there was unpermitted  additions to the house  that don' meet code. In talking to city zoning and code enforcement, it seem like they care much about improper past work on the house.