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Frequently Asked Questions

Balance sheets are not legally required unless you own a public corporation, where all are required by federal law to issue three financial statements, one of which is the balance sheet.
No. Property owners can rent to tenants who have not completed an application. However, it is recommended to use such an application if you plan on doing your due diligence about the prospective tenant first, including obtaining permission to inquire into their credit history.
Yes. Arbitrations are less formal than court proceedings, but the decision of the arbitrator is final and signing an arbitration agreement means you’re agreeing to comply regardless of the outcome.
Yes, they are, which is exactly why many unmarried couples living together choose to create one. Some states even grant Cohabitation Agreements equal weight as prenuptial agreements. If you want to ensure that the Cohabitation Agreement is aboveboard, it is recommended to have an attorney review it before signing.