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It's common to see pre-payment penalties in this loan product and now lenders are less inclined to negotiate these pre-payment penalties down knowing rates are expected to continue to decrease which incentivizes the borrower to refinance.

Both 30 days and 60 days are common in traditional leases.In a 60-day notice example, most respectable landlords would communicate 70-80 days before the end of the lease and ask the tenant about their intentions to end or renew the lease.

This is the most common oversight by self-managers, but it's the one that could be financially catastrophic.

Things that are common in the U.S. are difficult in the islands, such as U.S. corporations and LLCs are considered foreign entities for tax purposes in the Territory which can cause problems and delays when you go to sell. 

.- it is important that some of the furnishings are quality including common area seating and mattresses.  

Is this a fairly common occurrence?

I am considering evict my tenant with at fault just cause due to the lease violation ( parking, trash, common area cleanliness).

A common mistake I observe are investors focused on unit count rather than the fundamentals of the underlying real estate that's being bought.