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Updated 7 months ago on . Most recent reply
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Hospice _ 501(C)3 charity renting SFH providing hospice care
A local charity wants to rent my SFH in order to house up to 3 patients along with a 24 hr staff. This would be a hospice home designed to provide more comfortable living in last few days/weeks of life. What additional considerations should I put in place or ask about. My property is in a residential neighborhood, zoned residential. It was explained that they're not running a for-profit since no rent or fees are charged to the patients, the company has a large donation pool that covers operating costs and staff.
Should we put this property into a LLC or REPT?
Could this affect a later sale?
Should we draft an addendum to the normal PM agreement?
What tasks would you ask a lawyer to perform?