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I live in Anchorage Alaska and have questions concerning renting out and or owner financing my house. I would like to rent out the house instead of selling outright (have a 3.0% rate). I would like to know what legalities or legal procedures are recommended. What type of contract and terms are appropriate etc.
I know these are rather ambiguous questions. Also, is it legal to demand a credit reports, employment verification, background checks, sex offender etc. and references. I would think (excluding sex offenders/references) these wouldn't be illegal, after all, the bank routinely requests this. Anyway, I am want to minimize potential risks and liabilities. Thanks - P.S. I'll probably be asleep in about 30 mins.
Thank you for the Excellent rating, and thank you very much for the bonus!