Towards the back of the contract, there is a place to add additional Stipulations.

I've been reading Wisconsin Condo law, however, and there is a stipulation that requires 60 day notice and a total of 120 days before the tenants are required to leave.

In my area you wouldn't find a plumber reimbursed for a warrantee replacement by the manufacturer instead they stipulate parts/replacement and the owner is usually responsible to put it in or hire someone to do it.

I believe that the lender and the terms of the loan will stipulate how long that would be.

., retail purchase through motivated seller), you can ensure in the future that you have a stipulation/clause in the contract that allows you to back out up until the close date if you can't get a buyer lined up.Not all sellers will go for that, but the motivated ones likely will.One more thing to keep in mind -- if you structured the deal properly, you should have collected more in deposit from the end-buyer (who backed out) than you put down yourself, so even if you have to back out of the deal, you should make some money.And, of course, as Jon pointed out, if it's an REO deal, you may end up on the bank's s*** list...

(or are there legal stipulations?)

Furthermore, when you organized your LLC, you should have stipulated whether your LLC is member managed or manager managed.

Then you have a separate Lease Agreement that contains all the lease information.The information about the option fee would go in the P&S Agreement, and the information about the monthly escrow payment would go as part of the lease agreement.Any other stipulations specific to the deal would go as stipulations (or as an addendum) to one of those contracts.I don't know of any brokers that will allow principals to use their own contracts...which makes sense from a legal perspective for the brokers.

Hi J Scott,Would you mind sharing the exact wording of the stipulation that you sometimes use regarding the option of using financing instead of cash?

This contract stipulates that if they purchase ANY of the properties I send to them, I have one of two options: a.