I guess I misunderstand your title .

Insurance also doesn’t protect you from misunderstandings, especially those made in writing and email.

If that is the case then I would for sure go by the new laws, then there are no misunderstandings. 

I have a judgement worth a few thousand I will never collect on.But I learned this is a business and must be run like a business and that means super levels of customer service served up with a total intolerance for serious lease violations ecspecially non payment of rent, creating a neighborhood disturbance, etc....Don’t misunderstand, I want the tenants to enjoy the home and if that means a little extra wear and tear from kids, a garden in the yard, some extra painting when the tenant departs, my efforts to send repair teams same day or quickly for service at my expense, that’s fine... but the lease terms and conditions for payment and local and state law compliance are the lease terms and conditions and they should be adhered to consistently, by all parties.

@Tony Castronovo this sounds like a misunderstanding to me.

Just have a qualified attorney draw up the agreement so there is absolutely no misunderstanding of each party's rights and responsibilities. 

Insurance also doesn’t protect you from misunderstandings, especially those made in writing and email.

@Tom Nellman you wouldn't be able to roll it in to the property that you are buying because your loan amount would be more than the value of the property, unless I'm misunderstanding something.

Insurance also doesn’t protect you from misunderstandings, especially those made in writing and email.

Insurance also doesn’t protect you from misunderstandings, especially those made in writing and email.