If you actually have a fixed term lease, it ends on the date specified, and the document (or local law) should spell out whether any further notification is required.

Quit claim - they agree that when they sign the document they have no rights in the property.

Granted @Rick Ferguson has a great suggestion so as I am not an attorney just speaking from past experience with document changes.

It's the same paperwork that would be done by the lender (loan documents) and/or title company (transfer documents) in the case of a third party financing.

Total cost to "move in" by the Resident Beneficiary is about $7,000. including all costs for the Trust Documents, contengency reserves, first month payment, and Trustee fees.Settlor and RB are very happy with the way this works.

I know that there are some pre-packed documents at places such as Office Depot, but they don't have all of the information that I would want.

This has the added advantage of providing supporting documentation of your administration of the Fair Housing laws.

I get the $2K, I charge a $300-$400 for legal/document preparation and I can charge whatever interest rate I want.Do I occassionally have some hassles collecting?

I suspect all you need to do is document that the interest was paid by the other person.

Mike has covered most of the details.For the specific loan you would need to see the documents and check with the lender.