By her explanation - they (the bank) offer a line worth 10x bank balance, for up to 12 months.

To summarize, file per your records and plan to include an explanation as to why it is incorrect, as the issuer sent an incorrect 1099 to the IRS too.https://www.fool.com/retirement/2017/02/22/what-happens-if-i-get-an-incorrect-1099.aspx

If the trust or LLC is the named insured on the policy, the advantage is that there is more complete separation between the trust/LLC and the beneficial owners, who for sake ofclarity in this explanation we’ll call the Smiths.

@Sean Bozigian looking up abbreviations and can’t find another explanation than “street parking” oh...

It's a step by step explanation that is needed.

@Kyle J.. thank you Kyle - I'm glad I asked you and thanks for the explanation regarding "other financial obligation under a lease..."

Should I be giving an explanation why I'm not willing to change it? 

Those rules get messy, so let us know if that is the case and the explanations can be elaborated on.

I would send them my own lease, with an explanation that you will be parting ways with the Management Company, because they'll need to know where to send the rent payment when you start self managing. 

You are welcome to message anytime if you want more info or explanation.