Lease/op Question
Currently living in a house I will be Lease/Op'ing starting in October. How do I deal with insurance? Do I just keep the same insurance on the house as I have now or would the insurance company want to know if this is a rental or not?
jeffvb9,
You ARE renting ...NOW...Right?
On a L/O...YOU WILL STILL BE RENTING...
LEASE...../and the .....Option...
...when YOU exercise the OPTION...YOU are buying ...
...and that is when YOU have to get YOUR OWN....HomeownersPolicy.
I hope YOU have a RentersPolicy??NOW!!
....as always,
GoodInvesting, Rocky