Simply sending a pay or quit, 5, 14 or 28 day notice may result in civil penalties(Not worth the legal headache. 

The land trust and the LLC are the owner of the asset/real estate, so even in the scenario that potential litigants guess, they would guess wrong.When people are on the fence I often recommend just meeting with an attorney who can lay out your current exposure and give you a realistic idea of legal action against you and the consequences, then you can choose for yourself what you are comfortable with.

Following any advice may result in injury, divorce, felony charges, civil litigation or death.You shouldn't randomly call people as it is a huge waste of time and will result in sitting in a warm bath with a razor blade before the first lead ever shows up.  

I owned a stone farmhouse that was pre-civil war, walls were solid stone 2 feet wide. 

You can also sue him in Civil Court, but that cost money and even if you prevail and obtain a judgement, then what?

Please allow thirty (30) days for your refund to be processed.LitigationBy statute, sales by the COSL are subject to a ninety (90) day litigation period from the date the Limited Warranty Deed was issued.

You aren’t paying for multiple filings, fees, annual reports, and in some cases, tax returns that would come with traditional LLCs.However, the strength of its liability protections and the legal ramifications of the relationships of the series to each other and to the master LLC have not been tested to any great extent by litigation.

The cost of litigation will be more than the compansation. 

@ToddSchmitz  Having dealt with a number of landlord/tenant disputes in Colorado (I am a real estate and commercial litigator in Colorado), there are a few things I think you should consider and prepare in advance of the hearing.  

Have the seller sign this lease option with your LLC.Then have your Tenant buyer be shown the property by a licensed individual, perhaps a licensed property manager.Then sell the lease option agreement to the Tenant Buyer.And realize that in California the new Commissioner of the BRE has a "hard on" for bringing cavalier newbies of REI on CRIMINAL not civil penalties for brokering contracts.Seehttp://dredefenselawyer.com/california-bureau-of-r...LOS ANGELES – The Bureau of Real Estate is focused on the “biggest and baddest” violators of the law, according to State of California Real Estate Commissioner Wayne Bell, who spoke at a program hosted by the California Bar Association’s Real Estate Sales & Brokerage Sub-Section of the Property Law Section.At the program, entitled, The New Bureau of Real Estate and Its Enforcement, over 150 real estate licensees and real estate attorneys gathered on Monday to hear the new California Bureau of Real Estate (CalBRE) Commissioner speak about his current agenda.INDIVIDUALS PRACTICING REAL ESTATE WITHOUT A LICENSE MAY RECEIVE CRIMINAL CHARGESCommissioner Bell emphasized that his goal is to promote a fair, competent, and law-abiding real estate industry in California.