The notice: Has to be in writing Has to have the title "Three Day Notice to Pay Rent or Quit" Has to say the name of the tenant Has to say the address you’re talking about Has to say exactly how much rent is overdue Has to say why that much rent is due and the dates the rent was due Has to give the tenant the chance to pay the rent or move out in 3 days Has to say that if the tenant doesn’t pay in 3 days, they’ll forfeit the lease.

A land trust can be written in such a way that if you don't fulfill your obligations in the agreement, you forfeit your ownership of the trust, which is the same terms drawn up in a master lease option essentially.

Save $300 in repairs and forfeit a ton of money in lost rent, accepting less desirable tenants, longer vacancies, etc.

My lease says they must pay a two month's rent penalty to get out of the lease early, and the security deposit is forfeited if the terms of the lease are not met.

The lease states that he needed to give 60 days notice by certified mail, or forfeit the deposit.A new roommate is moving in with the original two roommates.

When I have some spare time I might sit down and calculate what the effect of forfeiting 1/2 the first months rent is.

Beyond that, your outs are: title issues that the seller is not willing to clear to give you "clear and marketable title", or because your lender will not lend on the property.Should you back out of a contract for "no good reason" after the inspection period ends, your earnest money deposit would be forfeited to the seller.

Hi, After considerable re-evaluation, I forfeited the idea of investing in a multi-family.

But, yes, the concern is that you have to evict the tenant buyer can claim they have an equitable interest in the property, forcing a foreclosure rather than eviction.I've also heard of stating in the option agreement, where rent credits would be covered, that any late payment results in all rent credits being forfeited.

The Option Deposit is non-refundable and will be forfeited in the event that BUYER fails to exercise the Option unless otherwise so stated.