As @Ellis San Jose points out, it makes sense when it fits the situation, however I wouldn't lead with any term that implied that I, as seller, am going to get something I don't want. 80% of the job is to immediately vet (weed out) unrealistic, unmotivated sellers before you've invested more than five (5) minutes time with them.

I hold virtually all of my property in LLCs, although in and of itself, an LLC doesn't imply integrity or the lack thereof.

Because of the high assessed/implied value of the land I would be tempted to be a little more creative.

No lease is an implied contract, no different than when you go into a restaurant and order food.

So do you imply that the CRA has a reduced rate or exemption for US sourced income, what is the nutshell version of that, just curious.

Implying you were looking for a loan on that property You didn't mention that your first house was across the street from Disneyland and commanded high rents.

Jon Holdman asks the tough questions that implies the family's lack of responsibility.

This information was implied at this point in the discussion...but thanks for trying to help I guess.

David,Here, if you were to setup bi-weekly payments (as opposed to semi-monthly) you would likely be deemed to be renting on a bi-weekly basis ... which would imply 2-weeks notice required and a maximum security deposit of one period (2-weeks) rent.

@Jason Varney @Tim Czarkowski this may be a dumb question but can they be used for any of the counties in florida as their name implies??