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26 June 2024 | 2 replies
It's generally advisable to have a guarantor in such lease agreements, as it provides an additional layer of security.
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27 June 2024 | 7 replies
What if you need to shorten the lease because they broke the agreement?
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25 June 2024 | 3 replies
Question for Real Estate Agents: At what point/after how much interaction with a prospective client, do you assume you have an unspoken agreement to work together?
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25 June 2024 | 5 replies
Is this stated in the lease agreement?
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25 June 2024 | 1 reply
They typically involve two agreements: a lease agreement that outlines the terms of the lease (rent, responsibilities, etc.) and an option agreement that grants the tenant the right (but not the obligation) to purchase the property within a specified period at a predetermined price.Negotiation Power: Lease options can be attractive to tenants who may want to secure a property for their business while potentially benefiting from any appreciation in property value.
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26 June 2024 | 3 replies
This is typically a requirement for maintaining good standing.Record Keeping: Maintain meticulous records for each LLC, including operating agreements, minutes of meetings, and financial records.You should probably consult with a CPA or attorney just to make sure you meet all compliance guidelines.
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25 June 2024 | 1 reply
Transferring Your LLC via Will:Review Operating Agreement: Check if your LLC’s operating agreement addresses ownership transfer upon death.Update Your Will: Specify in your will that you intend to transfer ownership of the LLC to a named individual or individuals upon your death.Consult an Attorney: Seek advice from an attorney specializing in estate planning and business law to ensure your will is legally sound and compliant with state laws.Consider Tax Implications: Understand potential tax implications of transferring LLC ownership through your will and plan accordingly.Notify Your Successor: Inform the person named in your will about their future role in the LLC and provide necessary documents.Please feel free to reach out if you need any further assistance.
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26 June 2024 | 5 replies
She is technically responsible for the paid agreement until November, but she is also the individual who posted the deposit...
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25 June 2024 | 4 replies
Review their management agreement.
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25 June 2024 | 8 replies
This division is standard unless Cousin A and Cousin B agree to a different allocation of income and expenses in a written agreement.