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14 November 2017 | 2 replies
Commissions in the event of a sale: If Tenant purchases property from Owner during the term of the contract or within six months after the termination of this contract, Owner agrees to pay Agent a commission equal to 5% of the sales price of the property."
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14 November 2017 | 5 replies
At the same time , not only does the 90 day challenge put a battery in my back, but a mentor falls out of the sky.
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17 November 2017 | 30 replies
Marty True I wrote the contract in a way that he acknowledged his lack of tenancy and a termination date.
17 November 2017 | 13 replies
More long term in terms of rental property income but less sacrifice in moving to a place I don’t like or having to move more often.
15 December 2017 | 7 replies
It's true that Battery Park and Barton Heights are dramatically improving.
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17 November 2017 | 7 replies
If the parties do not agree to pay for the lender required repairs or treatments, this contract will terminate and the earnest money will be refunded to Buyer.
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20 May 2022 | 4 replies
I think I am ok with this, as long as he gives me proper notice before he decides to terminate his stay so I can make the rental available on the VRBO calendarMy questions are:1) Is there any reason I shouldnt do this outside of VRBO?
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23 November 2017 | 14 replies
If you can put hurdles and deadlines for the project to meet, the developer can spend his design and permitting money, but if he doesn't start construction you can terminate the JV.
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21 November 2017 | 15 replies
If, due tofactors beyond Seller’s control, the Commitment and Exception Documents are not delivered within the time required, Buyer may terminate this contract and the earnest money will be refunded to Buyer.
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25 November 2017 | 11 replies
Am generally not a fan of inheriting tenants and if I do, I prefer that my lease be implemented, but clearl y that is not always realistic.Thank you though for this suggestion and I am going to try to see if working it from your suggested angle will work here in Colorado.In the end, I want to set up a lease that does not have holes, that an attorney, God forbid we ever have to evict (though these tenants do not seem like the type to cause any issues and I generally am a good landlord and stay away as long as you are following policy, so thus having a detailed lease that covers most all and then just backing off.My inspections are generally once a year, outside of the move-in, move out.I also stay very engaged in the running of my property, thus self-managing as in the end, I strive to provide a place I would enjoy living and I actually live on one of my properties.Long story short, don’t care for the very vague lease that the current property management company has running.Additionally I have little confidence in the way they were managing the property.The property has so much potential but has clear signs of neglect and I intend to change that as I never simply abandon my properties.On the question of current lease, I have combed through it repeatedly and do not see any mention of what happens at lease expiration only what happens when tenants are seeking to terminate their lease, “30-day written notice required”.No stipulation on what is required of landlord at end of lease and/or automatic renewal, both items that I cover in my lease and another reason, why am not a big fan of the existing lease.Leaves out a lot.I prefer having systems in place where there is little chance of misunderstanding, so thus the nerves on this one, but I will get through, thanks to you all for all your great advice!