EFTA00991873.pdf

From: "Jeffrey E." <jeevacation@gmail.com> To: Eileen Alexanderson Subject: Re: Question Date: Tue, 24 Jun 2014 12:02:20 +0000 as long as the 7520 rules allow personal residence classifcation. On Tue, Jun 24, 2014 at 7:59 AM, Eileen Alexanderson < > wrote: Thanks. An question re use of separate tax id for the townhouse LLC-yes? From: Jeffrey E. [mailto:jeevacation@gmail.com Sent: Tuesday, June 24, 2014 7:52 AM To: Eileen Alexanderson Subject: Re: Question new Ilc , sepereate one for cars On Tue, Jun 24, 2014 at 7:25 AM, Eileen Alexanderson < > wrote: Historically, the house couple that works for Leon and Debra at 760 Park Ave have lived in the coop apt on 72nd St that Leon's Mom owned. That apartment is coming to Leon as part of her estate but the couple can no longer live there due to coop rules and apt will soon be listed for sale. Debra, working with a RE friend, has found another apt which is a condo to rent for the couple. Apt will be paid for by Leon and Debra. Question for you as I proceed to get a lease signed: I do not want lease in the couple's name b/c they will not make income check needed w/o guaranty and if they don't work out we will need the apt for their replacement. should we form a new LLC for this purpose? So far sounds like apt owner is ok with an LLC as party on lease and will take 2 or 3 months security rather than require a guaranty. Separately we spoke about an LLC for the cars. Could potentially use the LLC for both? Our existing LLCs that own property are pretty much all Trust owned. Leon's art are related. We formed a new LLC for the townhouse purchase(owned by the APO Trust). We could consider using that LLC since the couple are caretakers for that property but Leon and Debra are supposed to fund normal operating expenses while they live in the house so I would think we would put the lease in the name of that LLC and the fund monthly rent from house account. Need to decide this morn so we do not lose this apt. Please advise. Thanks. Sent from my iPhone please note EFTA00991873  The information contained in this communication is confidential, may be attorney-client privileged, may constitute inside information, and is intended only for the use of the addressee. It is the property of JEE Unauthorized use, disclosure or copying of this communication or any part thereof is strictly prohibited and may be unlawful. If you have received this communication in error, please notify us immediately by return e-mail or by e-mail to jeevacation@gmail.com, and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved please note The information contained in this communication is confidential, may be attorney-client privileged, may constitute inside information, and is intended only for the use of the addressee. It is the property of JEE Unauthorized use, disclosure or copying of this communication or any part thereof is strictly prohibited and may be unlawful. If you have received this communication in error, please notify us immediately by return e-mail or by e-mail to jeevacation@gmail.com, and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved EFTA00991874