Larry N.
Overcoming Lease Option Hurdles
30 May 2013 | 7 replies
ROFR´s are therefore not an effective alternative for an investor seller who wants to pre-set an above-market price in order to lock in a future profit.From the perspective of the landlord/seller, there is a problem with a ROFR: it may inhibit the landlord/seller from marketing the property for sale while the ROFR is in placeLease-Options Compared to Other Preferential Rights:There are two lesser forms of preferential or pre-emptive rights that are relevant to this discussion:(1) a right of first offer ("ROFO") which obligates the seller to notify a buyer of his intention to sell, and the buyer will then have the right to make an offer, the terms of which are not specified in advance; and(2) a right of first negotiation ("ROFN"), which obligates the seller to negotiate exclusively with the buyer for a prescribed period of time.
Kenneth Davis
Does it help or hinder the landlord and tenant relationship by providing new tenants a copy of Landlord Tenant Laws for the state where the rentals are located
23 September 2014 | 21 replies
A COPY OF THE RESIDENTIAL LANDLORD AND TENANT ACT IS ATTACHED TO THIS LEASE.If Tenant makes a rent payment with a worthless check, Landlord can require Tenant...blah blah blah...fees in the amount of $__________ (not to exceed the amount prescribed by Section 68.065, Florida Statutes).MAINTENANCE.
Mike Flora
ADVERSE POSSESSION SITUATION
16 November 2016 | 159 replies
You still need open and notorious use for the prescribed period.
Adam Betley
Military member with a rental property
5 February 2014 | 13 replies
@Kenneth Hyneslook at IRS publication 523 page 13 left column "Qualified Official Extended Duty".You are on qualified official extended duty if you are on extended duty while:Serving at a duty station at least 50 miles from your main home,or Living in Government quarters under Government or-ders.You are on extended duty when you are called or or-dered to active duty for a period of more than 90 days or for an indefinite period.Based on that I do not believe once you get out of the military that you can use the exclusion due to the failure to meet either of the prescribed conditions listed above.
Brandon Hicks
Pit bulls as service dogs.....
30 January 2018 | 112 replies
They will even refer you to a phone number where the tenant gets an interview over the phone from a pyschologist and gives them a letter diagnosing their problems and prescribing a service animal.
Jordan Graham
Looking for Help Navigating City of La Mesa Guidelines
10 November 2022 | 2 replies
RVs are not allowed for dwelling and should not be occupied beyond what is prescribed in the code."
Greg Walsh
Tenant's lease expired, hasn't completely moved out
30 September 2018 | 12 replies
I think I'm supposed to mail them notification that in 10 days I will put their stuff in storage for 30 days, but I don't know if I can do that now or if I'm supposed to wait a prescribed amount of time after they started moving out.Thank you
Cam Chan
Low cost option for Cost Segregation?
11 March 2020 | 2 replies
Unfortunately, there are no prescribed qualifications for cost segregation preparers.
Mike R.
service animals of a tenant's guest
5 March 2016 | 18 replies
Then I give them a sample letter that must be placed on the letterhead of the individual qualified to prescribe the need for a service animal.
Kumar Chin
How to bypass Dodd-Frank? Lets discuss options. Anyone?
30 January 2016 | 29 replies
—The term ‘mortgage originator’— ‘‘(A) means any person who, for direct or indirect compensation or gain, or in the expectation of direct or indirect compensation or gain— ‘‘(i) takes a residential mortgage loan application; ‘‘(ii) assists a consumer in obtaining or applying to obtain a residential mortgage loan; or ‘‘(iii) offers or negotiates terms of a residential mortgage loan; ‘‘(B) includes any person who represents to the public, through advertising or other means of communicating or providing information (including the use of business cards, stationery, brochures, signs, rate lists, or other promotional items), that such person can or will provide any of the services or perform any of the activities described in subparagraph (A); ‘‘(C) does not include any person who is (i) not otherwise described in subparagraph (A) or (B) and who performs purely administrative or clerical tasks on behalf of a person who is described in any such subparagraph, or (ii) an employee of a retailer of manufactured homes who is not described in clause (i) or (iii) of subparagraph (A) and who does not advise a consumer on loan terms (including rates, fees, and other costs); ‘‘(D) does not include a person or entity that only performs real estate brokerage activities and is licensed or registered in accordance with applicable State law, unless such person or entity is compensated by a lender,a mortgage broker, or other mortgage originator or by any agent of such lender, mortgage broker, or other mortgage originator; ‘‘(E) does not include, with respect to a residential mortgage loan, a person, estate, or trust that provides mortgage financing for the sale of 3 properties in any 12-month period to purchasers of such properties, each of which is owned by such person, estate, or trust and serves as security for the loan, provided that such loan— ‘‘(i) is not made by a person, estate, or trust that has constructed, or acted as a contractor for the construction of, a residence on the property in the ordinary course of business of such person, estate, or trust; ‘‘(ii) is fully amortizing; VerDate Nov 24 2008 22:28 Sep 03, 2010 Jkt 089139 PO 00203 Frm 00763 Fmt 6580 Sfmt 6581 E:\PUBLAW\PUBL203.111 PUBL203anorris on DSK5R6SHH1PROD with PUBLIC LAWS 5 124 STAT. 2138 PUBLIC LAW 111–203—JULY 21, 2010 ‘‘(iii) is with respect to a sale for which the seller determines in good faith and documents that the buyer has a reasonable ability to repay the loan; ‘‘(iv) has a fixed rate or an adjustable rate that is adjustable after 5 or more years, subject to reasonable annual and lifetime limitations on interest rate increases; and ‘‘(v) meets any other criteria the Board may prescribe; ‘‘(F) does not include the creditor (except the creditor in a table-funded transaction) under paragraph (1), (2),or (4) of section 129B(c); and ‘‘(G) does not include a servicer or servicer employees, agents and contractors, including but not limited to those who offer or negotiate terms of a residential mortgage loan for purposes of renegotiating, modifying, replacing and subordinating principal of existing mortgages where borrowers are behind in their payments, in default or have a reasonable likelihood of being in default or falling behind. ‘‘(3) NATIONWIDE MORTGAGE LICENSING SYSTEM AND REGISTRY.