<html xmlns:o="urn:schemas-microsoft-com:office:office" xmlns:w="urn:schemas-microsoft-com:office:word" xmlns:m="http://schemas.microsoft.com/office/2004/12/omml" xmlns="http://www.w3.org/TR/REC-html40"><head><meta http-equiv=Content-Type content="text/html; charset=utf-8"><meta name=Generator content="Microsoft Word 15 (filtered medium)"><style><!--
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--></style></head><body lang=EN-US link="#0563C1" vlink="#954F72" style='word-wrap:break-word'><div class=WordSection1><p class=MsoNormal><span style='font-size:11.0pt'>A few years back, my mom wanted to move, but did not want to own a house any more. So I purchased her new house and set her up with a Lease For Life. The tax savings are indeed substantial. I also note that the structure we used was a real comfort to my mom. The Lease for Life fixes the taxes, and a 30 year fixed rate mortgage fixes the debt service, so I dropped in a hard number for rent that would cover the taxes and debt service, and her rent is then fixed for life. In my instance, I figured it was my own mom, so kept the lease form to 3 pages, and included a right for her to terminate on 20 days’ notice. <o:p></o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt'><o:p> </o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt'>I am attaching a copy of what I used. Hope it is helpful.<o:p></o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt'><o:p> </o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt'>Erik<o:p></o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt'><o:p> </o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt'><o:p> </o:p></span></p><p class=MsoNormal><span style='font-size:10.5pt;color:black'>-- <o:p></o:p></span></p><p class=MsoNormal><b><i><span style='font-size:10.5pt;font-family:"Arial",sans-serif;color:#4D573A'>Erik G Marks</span></i></b><span style='font-size:10.5pt;color:#4D573A'> </span><span style='font-family:"Times New Roman",serif;color:#4D573A'><o:p></o:p></span></p><div><p class=MsoNormal><b><i><span style='font-size:10.0pt;font-family:"Arial",sans-serif;color:#4D573A'>Attorney at Law</span></i></b><span style='font-size:10.0pt;font-family:"Arial",sans-serif;color:#4D573A'> </span><span style='font-size:10.0pt;font-family:"Arial",sans-serif;color:black'><br>PO Box 16247<o:p></o:p></span></p><p class=MsoNormal><span style='font-size:10.0pt;font-family:"Arial",sans-serif;color:black'>Seattle, WA 98116<o:p></o:p></span></p><p class=MsoNormal style='margin-bottom:12.0pt'><span style='font-size:10.0pt;font-family:"Arial",sans-serif;color:black'> <br>(206) 612-8653<br></span><u><span style='font-size:10.0pt;font-family:"Arial",sans-serif;color:blue'><a href="mailto:erik@egmrealestate.com"><span style='color:#0563C1'>erik@egmrealestate.com</span></a><o:p></o:p></span></u></p><p class=MsoNormal style='margin-bottom:12.0pt'><span style='font-size:10.0pt;font-family:"Arial",sans-serif;color:black'>Physical Office:<br>4220 SW Spokane St<br>Seattle, WA 98116<o:p></o:p></span></p></div><p class=MsoNormal><span style='font-size:11.0pt'><o:p> </o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt'><o:p> </o:p></span></p></div></body></html>