All Forum Posts by: Henley H.

Thanks, @Bjorn Ahlblad! When you say the business or owner of the business will be a co-signer or guarantor, do you think we need to specify that on the lease or with an addendum, or can their name just appear along as a "tenant"? Our current lease just uses the term "tenants"-

@Julie Hartman Thanks, Julie! Appreciate your help-

We have a business interested in leasing a property for an employee of theirs- How should we ask them to sign the lease? One of the owners of the business will probably be signing the lease- Should we have them sign in their own name or in the name of the business?

@Julie Hartman, Thanks so much for your reply! We're also wondering if the lease should be signed in the name of the company, or signed personally by one of the company owners?

I agree with you that it would be best to have both the company on the lease in addition to the tenant, we're just having a difficult time figuring out how to do that because of the language on our lease- It just used the word "tenant", so we're not sure how to clarify one party is financially responsible, while the other party will actually be residing there (tenant)-

We're hoping to rent a unit to an employee of a company- Basically, the company is assuming the costs of the rental and paying for it for their employee to stay in it. The lease we have isn't really written to accommodate this scenario- It has lines for the "tenant" to sign, but of course the company who's paying for it won't actually be the tenant/won't be living there. 

How can we use the current lease to work with this scenario of having one person responsible for paying the lease while another person will be occupying the unit? 

Looking at buying a property on the courthouse steps in Idaho and would like to confirm if HOA liens are junior to mortgages and property taxes? If bought on the courthouse steps, is the new owner responsible for the old HOA lien, or is it wiped clean?

I have my eye on a few properties scheduled to be auctioned on the courthouse steps.  These properties have not yet reverted back to back ownership.  What is the best way to do due diligence prior to the auction? Is it best to approach a title company about doing a search and making sure the property would be eligible for title insurance?  What would be the associated costs for such a service?

This was a really great and informative post!  

I had a question regarding the seller financing strategy-  Did this ever trigger a due on sale clause?  

Their a a few pre-foreclosure homes I'm interested in and have mailed two letters to each of the homeowners without any response.  Is it inappropriate to send a third letter, or more?  Would history suggest it's even worth it to sen additional letters?  I haven't been able to find phone numbers for either owner and am no inclined to show up on their doorstep-  

The legal section of my local paper lists properties whose owner's are delinquent in payments and the property is headed for foreclosure, to be auctioned on the courthouse steps.  It's my understanding that at some point in the pre-foreclosure process, when the lender is far enough along in the process, the owner of the property can no longer do anything to avoid the foreclosure, such as make up payments or pay the balance off.  Is this correct?  

When a property is listed like this in the paper, are you able to reach out to the owner directly and potentially arrange a sale prior to auction, or they already at the point of no return?