In either case, it needs to be spelled out in the purchase contract, as that serves as closing instructions/guidelines for the closer.

If you are selling vinyl, you should know how to spell it.The most important thing in a listing is that it is clear to the average reader.

But maybe I'm just being negative cuz i'm in a bit of a dry-spell :)

For the late fees, you would want to serve another 3-Day Perform Covenant or Quit notice, presuming of course that late fees are spelled out in your rental agreement.You can serve multiple notices at the same time. 

Your best option might be a limited partnership (LP) where you are the general partner so you can have full control.Be warned that the GP can be personally liable in some circumstances so you may want to create an LLC that you own to serve as the GP.Then you would have a partnership agreement which would spell out the agreement of the parties and rules for operation.As mentioned above, it's best to consult an attorney who specializes in RE for all of this.Good Luck,Bob

Hello @RachelN A Promissory Note is the obligation to pay and spells out the terms (interest rate, payment amount, due date, late fees, etc.) 

@Josh Morris And always get someone to check your spelling!...

@Jennifer Fernéz look for a tenant estoppel certificate that spells out the lease terms.

How does the new lease option spell out the assignment fee with the new tenant/buyer?

I would think partials in that state are OK as long as the originator used the CA department of Real estate disclosure form that spells out all the fractionlized bene's in the transaction.. just curious if you have seen that.