Either way, this is why everything needs to be spelled out in a contract.

Read the agreement and any restrictions regarding renting will be spelled out.

Once this process is done, you and your partner or partners in a real estate transaction should have an entity with an operating agreement specifically spelling out how profits/losses are distributed, when, and in what order.

That way if owner can't lease the property back up in a reasonable period of time the lender can likely take it back and sell at break even and not a loss on the note after legal expenses.Notice to renew is spelled out in the lease.

If it goes sideways you want to have a solid commercial lease that spells out everything very clearly and has all of the tenant parties responsible for the lease.  

It's spelled that way because it's an acronym of our core values.Family.

The instructions you give the attorney as to what can happen to the deed and when will be spelled out in the paperwork.Measure twice, cut once.  

They're up for renewal in a few months so I want to spell everything in the future but I have a few ques hoping to get some advice right now:1.

Sorry I didn't spell check or review before posting.

But this is also part of our published screening requirements and is spelled out in our application, so the applicant knows the situation going in.