Q: How can I place an associate's name on my property's title document without risk? What contract wording do I use?
4 Plex rental home
Under the care of a management company.
My associate needs their name on the property title to be more fully included in the management on equal base with the management company.
Contract Wording - Associate has no power to sell, invest into property, name can be removed at any time. Personal funds will not be co-mingled, etc. etc.
What should the contract look like?
A: What you propose is a complex matter. There is more than one way to accomplish your goal as I understand it. Consequently, there is no simple form to fill out or list of contract terms you should draft on your own. You should consult with an attorney.
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