General Landlording & Rental Properties
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated over 8 years ago,
Swap
Hello...
I am interested in swapping my house for an apartment. I found someone who has an apartment I like with a lease. They will continue to pay their rent. I will stay in their apartment; they will stay in my house. My house has no monthly note.
In addition to a contract what can I do to help protect myself if they decide to stop paying on their lease?
I was thinking about having them advance pay at least one month ahead on their lease. If they failed to keep their lease one month ahead at all times then I would start an eviction to remove them from my house. I would put all of this in the contract.
Any other thoughts?
Thanks