Property 5 The initial term of this Straight Note Agreement shall be for the term of Six Months (6) (the “Initial Term”) commencing on the date this Promissory Note Agreement is executed by authorized officers of XXX, LLC and Lender (individual name)Borrower shall have the right to prepay all (but not a portion) of the indebtedness evidenced by this Note at any time, by paying the Lender an amount equal to the sum of (I) the principal balance then outstanding and (ii) all interest accrued to the date of such prepayment.Lender and Borrower intend that the relationship created and evidenced by this Note and the Loan Documents shall be solely that of debtor and creditor.

Instead keep the documentation that you addressed this repair issue, again, if needed sometime down the road.Gail

Wrap the whole thing up in an LLC and you are fine... just make sure that you document EXACTLY how this LLC will dissolve, and what will happen if one partner wants to get out...

As long as you have all the receipts and documentation to support your claims I would simply move to evict this tenant if you have grounds otherwise wait to non renew his lease.

For my own accounting and records purposes, I have kept any and all financial documents, and it so far has been fairly simple.  

., on picking your best governance element choices available under NRS 86 for the entity formation documents - and - what kinds of advice have they seen such an entity needing as it operates throughout its lifetime / and what has their success rate been with REI clients and their entities during the operating phase of the biz.Good hunting for these start-up and operating Power Team members!

Here is the link, if you search on BP for wear & tear vs damages, you'll find it under Documents.

I confirmed it's zoned RSA5 and found the zoning documents online.

They can also advise you as to what other documents (the trust) or processes you may need to go through.

My college major was Church ministry: youth ministry which is pretty unrelated to sales for the most part, but I am confidently able to plan events, teach/speak in front of crowds, and create event calendars/documents/liability forms.