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Yes. However, you must consult with an attorney who specializes in business and real estate law who can draft your agreement and prepare the necessary registration documents. Any entity that is to hold title to real property must be properly formed in order to avoid creating title defects on the real estate titles. Title defects are costly to cure.
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What is rental liability?
rental liability
How much will liability insurance cost for a canoe rental company?
kayaking
Does any 'standard SUV' in rental company have a hitch to tow trailer?
Most rental car companies do not carry vehicles with tow hitches for liability reasons.
Do I need liability insurance for a rental car in Florida?
You are not required to purchase insurance from a rental car company. However you are required by law to have insurance. If you have your own insurance call your insurance company and ask what they cover for rental cars, then once you get to the rental car company ask them what their insurance covers, then use which ever one you feel is best for you. If you do not have personal insurance, I would definitely take out the rental cars insurance.
Is purchasing a limited time insurance required to get an auto rental?
Yes, a limited time insurance is absolutely necessary to get an auto rental. When driving a rental car, one must be adequately insured in case of a collision. Rental car companies provide this auto insurance although it tends to be pricey. Thus, if one uses rental cars often, they may consider a non-owned auto liability insurance.
Can you make money off advertising rental properties?
You can make money from advertising rental properties if the owner of the properties is willing to pay you.
Where can I go to find a rental home in Salt Lake City?
You can check online to find rental homes in your area. You can also contact a local realty company to find rental homes in your area. Many landlords place their rental properties online on sites such as Craigslist. Chances are you can find what you need on that site. THere are numerous rental properties in Salt Lake City available for rent.
Which auto insurance companies write non-owner liability for a rental car?
Rental CarNone. No insurance company will write you a policy for the specific purpose of renting a car. You have to buy the insurance through the rental car company. That's why they offer it. AnswerYes, but remember this is liability. Some policies cover you no matter the vehicle and some only provide liability. This means you cover OTHER vehicles in case of accident, not the rental. Do yourself a favor and purchase damage waiver insurance, in case you crash the car or a tree falls on it and you don't wind up paying for a car you don't own.
What is cost of Hire for auto insurance?
This is the cost a company spends in a year on vehicle rental expenses. It is used to rate for hired Auto liability coverage.
Remodeling rental properties?
I would like to do a remodel contract on my summer home. Is this a problem for most rental properties?
Do I have to have my own insurance for jet ski rental or is it offered by the rental agency?
In nearly every case, the company providing a vehicle for rental is required by law to maintain a minimum liability policy of insurance. However, leasing or rental for commercial purposes sometimes require your own insurance depending on details and your state.
Will the Insurance Company pay for a rental car if the accident is your fault and if you have full coverage ins?
Only if you have bought the extra coverage to have a rental. "Full coverage" usually just means you bought liability, comprehensive, and collision insurance.
