Be aware, lawyers are good at telling you how to comply with the law but not so good in creating leases that protect your financial position as a landlord.

Most mortgage companies that require escrow will pay taxes timely to protect their interest in a property.

But breakers are there to protect against overloads. 

(Dodd-Frank doesn't protect investors from themselves!!!)

An LLC will not protect your asset if you get sued because the lawyer will sue the LLC, and all parties involve .

Since we will have to have a lease with them for the two months they will be staying there, I was wondering if there was any way to protect ourselves more than a standard lease agreement in this situation. 

I understand that the house would have to be in my name to protect myself, and check to make sure he has a track record of success.

I'd feel better.If all you're getting is a Quitclaim, you're nowhere near as protected.

You can always transfer title to a LLC later but you could trigger the due on sale clause and will really have no asset protection since the note is in your name.  

Protect yourself.