Hey Folks,I'm looking for some veteran Detroit Landlords to chime in on this one: Which route is better to take with the Detroit Water Department on a rental: 1) Affidavit of Lessee Responsibility For Water and Sewerage Bills Individual Owner Acknowledgment2) Direct Payment by Tenant Agreement (Tenant (or landlord?)

As for asking tenants to get renters insurance I'd strongly recommend adding that to future lease agreements and requiring proof of coverage.

Make them sign a partner agreement understanding they both are on the hook if one leaves.

But keep in mind, if you signed an agreement agreeing to hold them harmless and waive liability, then that may be a problem to collect. 

According to our lease agreement, pest control responsibilities fall on the tenant.

As an EMD lender myself often there are late fees baked in to the agreement which mitigates the loss of return if the deal runs long. 

I also wouldn't mess with a single mom's alimony, custody agreements, and general stability.  

They also could provide a written agreement of some sorts as well.Honestly I would be more concerned with the first than the second

Hi Ryan,What does your lease agreement say in regards to late payments and late fees?

For extra formality, put it on a nice document with your letterhead.Re: Non-Binding Letter of Intent to Purchase Real Property Located at [Property Address]Dear [Recipient's Name]:This non-binding Letter of Intent ("LOI") is submitted by [Your Name] (the "Buyer") to [Recipient's Name] (the "Seller") with the intention of setting forth certain preliminary terms and conditions for the proposed acquisition of the real property located at [Property Address], inclusive of all improvements, appurtenances, and fixtures thereon (the "Property").Purchase PriceThe Buyer hereby proposes to purchase the Property for a total consideration of $[Amount] (the "Purchase Price"), which shall be subject to adjustment based on the results of the due diligence investigations and final negotiations.Earnest Money DepositContingent upon the execution of a definitive Purchase and Sale Agreement (the "PSA"), the Buyer shall deposit earnest money in the amount of $[Amount] (the "Earnest Money") into an escrow account designated by the mutual agreement of the parties.