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Updated about 9 years ago on . Most recent reply

User Stats

29
Posts
7
Votes
Jason Lee
  • Olive Branch, MS
7
Votes |
29
Posts

Swap

Jason Lee
  • Olive Branch, MS
Posted

Hello...

I am interested in swapping my house for an apartment.  I found someone who has an apartment I like with a lease.  They will continue to pay their rent.  I will stay in their apartment; they will stay in my house.  My house has no monthly note.

In addition to a contract what can I do to help protect myself if they decide to stop paying on their lease?

I was thinking about having them advance pay at least one month ahead on their lease.  If they failed to keep their lease one month ahead at all times then I would start an eviction to remove them from my house.  I would put all of this in the contract.

Any other thoughts?

Thanks

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