As described in the lease, parking space rent is the last to be applied from a payment, just like you fee being applied first, then past due rent, then current rent.

The banking institution and/or account to which rent must be paid may be changed by us after giving you at least 30 days notice as described in Paragraph 12.B.

Who would you describe the private and hard money lenders

If you listen to the podcast I'm on (link below), I describe the troubles we had with a construction loan.

Under the rubric described above, Fred can probably establish that he “owns” the land on which he was encroaching.

What you described is often called it though by brokers, and that's just misleading.  

If you have used any, can you describe the benefits and downfalls of using them?

But then today when we went to the new apartment, the floor plan is totally different then what he described to us.

I guess you know this topic is about "Investing in Raleigh" on the "Raleigh Real Estate Forum"... and I'm not aware of areas that you describe.

In a situation like you described it's highly likely the agent would be sanctioned by the MLS if they received a complaint, investigated and issued their findings, could be a fine, could be more.