[WSBARP] Renting a Basement ADU

[Lynn Clare]

Or they could create an LLC that's only purpose is to perform the ADU
management work --- although, if they already own a management company, I
don't know why they want to form another one.

On Tue, Feb 22, 2022 at 12:13 PM Bryce Dille <Bryce at dillelaw.com> wrote:

> They could lease it to the LLC and then the LLC sublease it to the tenants
> that will occupy it
>
>
>
> Bryce H. Dille
>
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> *From:* wsbarp-bounces at lists.wsbarppt.com <
> wsbarp-bounces at lists.wsbarppt.com> *On Behalf Of *Inge Fordham
> *Sent:* Tuesday, February 22, 2022 11:48 AM
> *To:* WSBA Real Property Listserv <wsbarp at lists.wsbarppt.com>
> *Subject:* [WSBARP] Renting a Basement ADU
>
>
>
> Colleagues,
>
>
>
> I have clients who built an ADU in the lower level of their home (they
> currently reside in the upper level).  They now want to form an LLC for
> purposes of leasing the ADU.  In the past, when I have assisted clients
> with forming of an LLC for purposes of renting a property, the property has
> been quit claimed into the name of the LLC and leased by the LLC.  These
> clients do not want to quit claim the property into the name of their new
> LLC.  They also do not want to form a condominium where there are separate
> units.  I have to imagine this issue is common and would appreciate advice
> from folks who are more experienced in this area.  Is it possible for these
> clients to lease out the ADU in the name of their LLC?  I should mention
> that they have a separate property management company as well.
>
>
>
> Thanks in advance for any insight.
>
>
>
> Best regards,
>
>
>
>
>
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>
> *Inge A. Fordham | Attorney*
>
> Fordham Law, PLLC
>
> 3218 Sixth Avenue | Tacoma, WA 98406
>
> Office: (253) 348-2657 | Mobile: (206) 778-3131
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> www.fordhamlegal.com
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