No termination clauses.I would want more yield for undergoing what you are going to do but if it;s close by it might fit your portfolio.Try to get the interest only to convert to a permanent loan at today's rates.

We paid $99,000.00 for the property because we assumed the mortgage from a relative with a terminal illness.

As a certificate holder, you will be notified if their policy should ever lapse or terminate for any reason.

This means the lessor/buyer MAY exercise the Option to purchase during the Option period and thus TERMINATE the lease contract upon closing.A Lease Purchase is a form of owner financing where BOTH parties are obligated to certain actions.

However those PMs usually but a clause in the contract about early termination policy, which will cost you a couple bucks.Would consult with and attorney to get the best direction how to discontinue the relationship after acquisition.

See our proformas on the link here American Fork Triplex Proforma which goes through the numbers on page three and the returns at termination on page four at the bottom.  

Now that I have researched our situation I have come to the conclusion that the realtor intentionally left documents undated and without termination dates in order to assure their exclusive status as long as possible and thereby assure full commission.

There is termination clause though that I can use at any point in that timeframe, which would leave me with similar rights (i.e. can work with another agent, but properties shown by first agent are covered by the protection period) had I only signed for a two week period and did not renew.

Your lease probably says how much notice is required for termination by either party.

My lease has a clause that allows the incoming tenants to choose between prorated rent for that first month or termination of the lease with all move in funds/deposits returned to the tenant.