Rather, they’re laying out a framework for asset protection and not the alleviation of a worst-case scenario lawsuit.

I think due diligence and research can help alleviate that scenario, but it still is of concern if we go out of state.

Of course, we'd be looking for someone who is tired of the management, inherited the property or has some sort of issue or problem that disposing of the property would alleviate.

They receive a receipt for their records, thus alleviating any payment discrepancies.

As for the rest of the building, I'd send e-mails to the other 3 units that you have received complaints about noise from that unit and are trying to alleviate the problem, but you cannot do much unless they call the police to report any further disturbances as you need proper documentation.

The tenants will pay for 11.5 months in an 11 month period and, as you mentioned, they'll be highly motivated to keep the place in good condition.With 6 weeks of lead time, that should alleviate any stress of needing to screen new tenants.

I feel like it’s a very smart move and will alleviate a ton of financial stress off of our backs.

Will this alleviate his concerns?

To alleviate your concerns, I recommend a phone consultation with a Buffalo/Niagara Real Estate attorney…they will verify that CoO’s are just not required for SF and 2Units.

I will probably have to educate potential tenants to alleviate their fears.