My question involves collection proceedings in the State of: Florida and California
My partner and I live in California. She inherited her parents home in Florida and has been renting it out for 7 years. It now needs a new roof and flooring, total of about $30,000. I am able to lend her the funds but want an agreement to repay the loan and collateral if she defaults or the relationship happens to end, etc. What is the best way to write this up and also secure a lien or other collateral using the property?
My partner and I live in California. She inherited her parents home in Florida and has been renting it out for 7 years. It now needs a new roof and flooring, total of about $30,000. I am able to lend her the funds but want an agreement to repay the loan and collateral if she defaults or the relationship happens to end, etc. What is the best way to write this up and also secure a lien or other collateral using the property?
Loan Agreements: Lending Money to a Partner for Large Home Repair
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