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Updated over 5 years ago on . Most recent reply

Account Closed's profile image
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Account Closed
  • Rental Property Investor
  • from Yuma, AZ
  • Member since Jun 14, 2019
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Account Closed's profile image
Account Closed's profile image
Account Closed
  • Rental Property Investor
  • from Yuma, AZ
  • Member since Jun 14, 2019
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Account Closed
  • Rental Property Investor
  • Yuma, AZ
45
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Tax, SDIRAs & Cost Segregation

What does this mean in this legal contract?

Account Closed
  • Rental Property Investor
  • Yuma, AZ
Posted

It says:

BENEFIT: All cavenants and agreements of this Lease Option shall be binding upon and inure to the benefit of the heirs, executors, administrators and assigns of the seller and buyer, without affecting the restrictions imposed by Section 3 hereof.

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Russell Brazil
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  • Real Estate Agent
  • from Washington, D.C.
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Russell Brazil's profile image
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Russell Brazil
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Russell Brazil
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Russell Brazil
  • Real Estate Agent
  • Washington, D.C.
ModeratorReplied

All covenants, rules that the land is subject to, also apply to all future owners.

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