I suppose you could draw up a legal agreement that states you will both agree before someone is invited, but that doesn't sound like a healthy relationship.A marriage counselor may be in order.

We make the tenant pay all moving expenses for a holding agreement prior to ordering inspections and completing their list.

I would be very careful if you move forward and do it because anything that goes wrong is going to fall back on you and if you do not have a management agreement in place you could be opening yourself up to lawsuit if you fail to deliver on the expected services.   

It felt like a glorified rent-to-own agreement. 

They are still responsible for damages (already in our Reservation Agreement) and we provide the same starter set of supplies whether it is 1 day or 3 months. 

(B) An Owner may lease a Unit for residential purposes provided;(1) There is a written agreement;I am new to leasing out a unit in LA so I am confused about the following (all rentals would be more than 30 days):1.

So if you wanna get into this kind of agreement, make sure that it is not contingent on the property appraising in the future.

In his initial email about the agreement he said:“We will be providing monthly updates to our investors, along with quarterly payments (or larger chunks depending on if we sell the asset off).

I think he would like the steady income too, so parts of me has thought of writing up a unsecured loan agreement with him and just paying him out monthly to give him some reoccurring income vs a lump sum, but then I believe he would have other pay taxes on that income vs inheritance.

Understanding the Lease Agreements: There is no lease agreement currently in place, and the tenant is paying about $400 lower then current market rent.