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All Forum Posts by: Frank Leon

Frank Leon has started 6 posts and replied 16 times.

I can only attest to Florida law, but here, a landlord can show a property while it’s rented so long as they provide proper notice to the tenant. The tenant cannot unreasonably withhold allowing the landlord to show prospective buyers! 

My pleasure! Fee free to send me a message if you need assistance. 

Hi Aaron, as a Florida attorney myself, I can say that a lease agreement is the one document you don't want try to save a few bucks on. The time and money you put into your lease agreement will be worthwhile when you realize how many headaches you avoided by having a solid document in place. Having said that, a good starting point for a sample lease would be the Florida Bar: https://www.floridabar.org/pub...

You can compare this lease with whatever lease your PM companies gives you to get an idea of what terms you want to make sure are included. Nevertheless, having an attorney review your lease and address your specific concerns is ideal. You can find a list of attorneys in your area on the Florida bar website: https://www.floridabar.org/dir... or doing a search on some of the review sites, like AVVO.com

Hope that helps!

I've been trying to find a multi family building (15 unit+) in the Miami-Dade area but I'm having a hard time finding much of anything. Where do you folks find yours? I've been going on the MLS and Loopnet.

Post: Names on the LLC insurance policy

Frank LeonPosted
  • Posts 16
  • Votes 9

Quick question, I'm in the process of insuring my holding LLC but curious if I should add myself (an individual) as an additional insured or would I be putting myself at risk of someone "piercing the veil" in the event something happens and they see my name on the policy?

For me, every time a *new* issue arises I go back to my lease and add language that specifically addresses the issue. That way, when it's time to renew, you're covered! For example, in a case like this, I would: 

1) make sure all new tenants complete a "Rental Move-In Checklist" with a section that specifically addresses the condition of the bathroom/kitchen sink, toilets, etc; and 

2)  include the following clause in my lease:

"LANDLORD WILL NOT BE RESPONSIBLE FOR DRAIN BLOCKAGES AND BACKUPS IN THE KITCHEN SINK, GARBAGE DISPOSAL, DISHWASHER, WASHER MACHINE, TOILET, BATHROOM SINK AND BATHTUB CAUSED BY GREASE, PAPER, FOOD, HAIR, OR ANY OTHER FOREIGN OBJECTS. CLOGGED DRAINS AND BLOCKAGES ARE THE FINANCIAL RESPONSIBILITY OF THE TENANT."

Whether or not you want to enforce this, will depend on you. For example, if it was a first time occurrence and the tenants have always been responsible, I may simply send them a reminder notice letting them know that although their lease agreement specifically states that it's their responsibility, I will do a one-time courtesy unclogging at no charge.  However, if you decide otherwise, you're covered by your lease agreement!