Posted on: 25th Jun, 2010 11:11 am
My Husband and I want to write and enter into a Lease to Own agreement in Ohio with an elderly lady. Can she name us as her beneficiaries, so if she dies her heirs and or medicaid can not take the property/house from us. We would pay her an agreed amount of rent each month, plus we pay all upkeep, utilities, insurance and taxes for 10 years when lease would be paid in full. Plus give her $1,500.00 down payment. We want to do this without the help of Attorney because of cost. Where would we file this and how can do it legally to protect both parties? Thank you!
Sorry, SD, I disagree with your purpose. You want to eliminate legal assistance because of the cost, yet you'll reach out to the citizenry (which has no legal expertise) for legal expertise. To legally protect all parties, it's my feeling that you need legal advice. You cannot get legal advice from lay people. You'll get precisely what you pay for - nothing. The cost of a lawyer could be precisely enough to prevent you from losing out entirely.
There still remains such a thing as "penny-wise and pound-foolish."
There still remains such a thing as "penny-wise and pound-foolish."