Also pay close attention to what the option says if it is already defined or open to market rates at time of renewal. 

Each step should have clearly defined milestones in the contract during the remodel with someone you trust doing a walk-through.

Basically the same as above, but with it being a "place of lodging" more akin to a hotel/motel the applicable law is the Americans with Disabilities Act of 1990.Both FHA and ADA use the same terms of Service Animal and Emotional Support Animal....however each defines these completely different.Please Reference HUD Guidance Memo FHEO-2013-01 to get an overview on how each is defined.

It could say if neither party gives termination notice it automatically renews and will define the term. 

This is something that your city should have well defined and published.  

If that's the case, the next thing to define is what is active or passive for you? 

Pashew,It sounds like you need to define what you're looking to do for people to give advice.

Define your criteria.

Define the relationship in your partnership agreement, there's a lot of pitfalls, but it can be done.

Business loans are going to need a defined purpose.