Full question:
We are selling an old house in need of repairs on contract. We have had notices from the city to fix or repair the home so we turned in a offer to purchase between us and the buyer. House is titled under our LLC. What forms do we need to sell this and protect our interest as they will have friends and family helping with repairs we don't want to be liable for someone getting hurt? We thought Lease option or Deed for contract but that keeps it in our name.
- Category: Real Property
- Subcategory: Sales
- Date:
- State: Kentucky
Answer:
A release and waiver of liability can help protect your LLC from potential claims related to injuries that may occur during repairs. This form is typically upheld if both parties enter into the agreement voluntarily and the injury is not due to intentional or reckless behavior. It's essential to ensure that the form is clear and covers the specific risks associated with the repairs being made.
This content is for informational purposes only and is not legal advice. Legal statutes mentioned reflect the law at the time the content was written and may no longer be current. Always verify the latest version of the law before relying on it.