I recently bought a property at a PA judicial Tax Sale ( in Delaware county pa).  

The contract is just a formality.

I'm creating a proforma for a client. I've been able to deduce rent rates for inline stores, kiosks, and food courts within malls.Can anyone help with anchor tenant rates in Southern California malls?

Now I am required to write and sign a formal position statement to be submitted to the MA Commission Against Discrimintation.

Having a formal written operating agreement lends credibility to your LLC's separate existence.

The “agreement” he sent me is below (identifying details redacted):______________________RESIDENTIAL LEASE and OPTION TO PURCHASE AGREEMENTBUYER/TENANT: XXX Holdings, LLC Date: 2-16-2018SELLER/LANDLORD: XXXPROPERTY ADDRESS: XXXXXXRESIDENTIAL LEASE1) Rent: $2,500 per month2) Lease Term: 36 months, beginning March 16, 2018 and ending March 16, 2021.3) Maintenance: Buyer/Tenant will be responsible for maintenance and repairs ofthe property, not to exceed $500 per incident.4) Sub-Lease: Buyer/Tenant has the right to sub-lease this property with writtenconsent by the Seller / Landlord, and this shall not be unreasonably withheld.OPTION to PURCHASE1) Purchase Price: $ 345,0002) Option Period: 36 months, beginning March 16, 2018 and ending March 16,2021.3) Option Consideration: $100 - All Option Consideration will be credited in fulltoward the purchase of the property.4) Rent Credit: Buyer/Tenant will be credited $ 0 per month toward the purchase.5) Closing Costs: Purchaser will pay all allowable closing costs.6) Expiration: This offer shall expire on March 16, 2021.7) Inspection: This offer is contingent upon physical inspection of property andsubsequent completion of a more formal and signed Residential Lease with Optionto Purchase Agreement.8) Non-Exclusive – This agreement is non-exclusive and can be canceled anytimeby either party.9) Assignable – This Agreement is assignable with written consent by the Seller /Landlord, and this shall not be unreasonably withheld.X_____________________________ X ________________________________Seller/Landlord Date Buyer/Tenant Date_________________I have a few questions: Is this legit?

@Michael Plaks , I have never dealt with this, but I read that there is no formal election required for the use of the installment sale by the dealer, but reporting a sale in 6252 acts as an election.

Unless they formally agreed to make the repairs you're asking, the only other way you had a firm contract was to accept it 100% as is and proceed based on the original contract - sans request to remedy addendum.If they never agreed to your repair list, they are fully within their right to back out.  

What you want to consider is if he is able to sue you for damage to his property from failure to maintain your rental unit.I believe, even if the tenant never responds, you still have to formally evict him/her.

I feel if for some miraculous reason the judge doesn't put aside the sale and it's deeded over to me for other judicial reasons that it would be hard to accept the home knowing the homeowner could keep it, that may be a rare case but just thinking ahead a bit.