It's the law.

If the state laws allow(or not) assignment of contracts that will be the decision maker.

I focus my practice on business litigation, evictions (commercial/residential) as well as partnership disputes, construction/home improvement litigation and real estate transactions.

There are actually laws for this for most mortgages made after July 29th, 1999.

Ideally she would pony up the new SD and you would return the apartment SD per your state laws.

Looking for advise on insurance(s), bookkeeping best practices, and overall first time landlord tips!

Remove silly laws like putting a sign on your property stating that it is vacant and registering your property (and paying a fee) as a rental EVERY year regardless of whether or not it's the same tenant for the last 10 years.4.

I picked up the next 2 about 5 years ago when my father in law and my grandmother passed a way and I took up what they owed.

For outside asset protection our law team recommended an S-corp be formed to stand as general partner and investor(s) as limited parteners.

Hello JohnMy understanding is that the LLC will provide you better protection from things such as law suits, etc.Many of my clients have mortgages in their personal name and then transfer title to their wholly owned LLC.