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!
DISCLAIMER: Answers from Experts on JustAnswer are not substitutes for the advice of an attorney. JustAnswer is a public forum and questions and responses are not private or confidential or protected by the attorney-client privilege. The Expert above is not your attorney, and the response above is not legal advice. You should not read this response to propose specific action or address specific circumstances, but only to give you a sense of general principles of law that might affect the situation you describe. Application of these general principles to particular circumstances must be done by a lawyer who has spoken with you in confidence, learned all relevant information, and explored various options. Before acting on these general principles, you should hire a lawyer licensed to practice law in the jurisdiction to which your question pertains.
The responses above are from individual Experts, not JustAnswer. The site and services are provided “as is”. To view the verified credential of an Expert, click on the “Verified” symbol in the Expert’s profile. This site is not for emergency questions which should be directed immediately by telephone or in-person to qualified professionals. Please carefully read the Terms of Service (last updated February 8, 2012).