How can I protect my property while letting a caregiver stay there?
Full Question:
I own a condo in Tucson, AZ and I am proscribed from renting it without the HOAs approval (HOA regulations limits the number of units that can be rented out). I want to have a friend stay there (rent free) as a caretaker, due to the fact I had some significant water damage occur when the house was empty. I only want the friend to pay their own utilities and take care of my house. Is there a legal form I can use to protect myself and my property?
10/22/2009 |
Category: Real Property ยป Homeowner's ... |
State: Virginia |
#19241
Answer:
It's not clear from your question whether you are seeking to protect yourself from the HOA or from claims made by your friend.
If you want to protect yourself from claims your friend may make, you can consider a hold harmless agreement.
You may also want to review the things that are addressed in a typical residential lease so you can protect yourself from issues that can arise when someone occupies property.
As far as any protection from the homeowner's association, you will want to closely review the covenants, rules and regulations. They typically contain provisions for enforcement. They may also define what they mean by "renting."
