Hopefully SIL is good with the voluntary surrender.  

Outside that, you will need to surrender about 10% of your monthly to management, which means you have to run your numbers that much harder.I like markets with a low baseline that have not yet seen the upward trajectory that so dominates coastal cities.

>> Deed in Liue surrenders the properties secured by the mortgage in question. 

The problem is, my relative is going through a bankruptcy and he said the "paperwork has already been filed with the bank", I guess to surrender the house to the bank?  

There is no requirement that a specific form be used - - it can even be in handwriting.As a tenant, I would include:I will be moving on mm/ddI suggest you schedule a walk thru asapI will surrender possession on the date notedand I expect my deposit to be returned in accordance with the regulations of the State of ______.Sign, date, mail certified if there's an adverse situation like this.

We were sure to include our new address in our 30-day move out letter.Here's our Moveout Timeline:09/21 - Gave 30 Days Notice10/09 - Walkthrough Inspection | Surrendered keys & fully vacated (is this the day LL regains possession?

2) all parties sign the m2m3) under all conditions, the security deposit will only be made available to the last resident who will be surrendering the keys.

This should be clearly stated in your Offer to Purchase and the resident manager needs to be given a Notice of New Management and a Notice to Surrender their residence.If the PM is owned and operated by the owner and NOT a third party company, so much the better as the owner disengages ALL activity on the COE settlement date.In all cases, you have a chore to capture all documents in the possession of the PM and all keys for the facility. 

Without registration in his name, I could only offer advice to surrender them.

The tenant has violated a lawful obligation or covenant of the tenancy, other than the obligation to surrender possession upon proper notice, and has failed to cure such viola-tion after having received written notice thereof from the landlord. 3.