I wouldn't do a new contract of everything, just kind of an add-on/new addition saying "as the main tenants you here by accept liability for this guest____, his animals, and any and all legal issues that could arise from your allowance of said guests". if you really want to you could make them do a new lease depending the laws in your area and include him but I personally understand helping a buddy of family member out and want to make my tenant happy any way I can.

Kris, in this instance, that list would not do you any good since your Realtor brought it to after the proposed borrower.I prefer Amy's short answer as well in this one case, but there is more.I assure you that similar situations will arise again trying to be a lender and working on the other side of the fence.

More problems arise from poor construction performance than from poor design or poor ownership by FAR.

As one moves forward decade by decade, the usage falls off and by the 1970s, it is largely limited to outside applications that require high durability, window trims and so forth.Issues arise when you "disrupt" lead based paint by sanding, scraping, removing drywall, etc.

(Yesterday I listed the ways an illegal note might arise, this is a good example).First she needs to see if the lender will extend the note allowing her time to get her credit in good standing.She can sell and lease back.She could sell and buy it back from an investor.

My suggestion is to either buy a good book on securities laws or buy 3 hours of a securities attorneys time and find out the various options.By the way, I have been syndicating offerings for 28 years and still have questions about new issues that arise as the technology of media and communications change!

Of course, I stick by my Judo roots, and believe the best defense is to keep yourself out of trouble, and if it arises, spend your efforts getting yourself out quickly and safely.Cheers,Mark

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The few times she did call she was trying to get a rise out of us, or trying to get our sympathy.If you are fearful of all people then you shouldn't be a landlord.

A Texas attorney is a must, as there are some Texas Property Code responsibilities that may arise in a wrap note situation (title insurance/lender notification, etc).