Looks long, but you are already familiar with the issues.
Remember the two cousins that have inherited their uncle’s farm in a remote area with several old dilapidated barns on the premises which prevent the farm from being insurable (thus uninsurable).
They need to demolish the barns and it is very hard to find a demo company with all the proper insurance who will come to this remote location to pull down some small old barns.
If you can find a local man with a dozer or bobcat, he will run away at the mention of a waiver, which you suggested earlier, and he may only have general liability insurance…if any insurance at all.
The nearest fire department will not burn these buildings, although that was a good idea.
A friend suggested that the cousins, who inherited their uncle’s farm, sale the old barns that need demolishing… not the land the buildings sit on… just sale the buildings, to a bachelor friend who has …no assets to loose …and relieve themselves of liability for any injury during the demolition.
People do sale old houses to buyers for maybe just $1.00, then the buyer moves the house to a different location, perhaps to use as a vacation cabin on a lake.
We asked the question of another expert: Would that be legal and would it shield the cousins from liability if there was an accident during demo? Even if legal, seems still to be best, ***** ***** be sure to use a company to do the demo, that has some insurance. Guess the bachelor would have to hire the demo company. Correct?
The expert pointed out that this was not a good idea for the bachelor and suggested that the cousins form an LLC for the purpose of selling the houses, not the land, to the LLC
which would then
accept responsibility for demolishing the houses, instead of moving them to a new location.
He suggested that they then let the LLC get a builders risk insurance policy. What do you think of the LLC idea? Any comment? Would this LLC be able to get such a policy. They are not licensed to demolish? But is the LLC idea itself viable?