Provided Resident has complied with all terms and conditions of this Lease Agreement, Resident may elect to terminate this Lease Agreement at any time during the term.In this event, Resident shall provide to the Owner an executed NOTICE OF INTENT TO VACATE (“Notice”).The Notice and all move-out procedures, including the return of any security deposit, shall conform to Policies.As compensation to Owner’s for Resident’s right to terminate this Lease Agreement, resident shall pay, on the day of move-out, to the Owner, an EARLY TERMINATION FEE, in an amount equal to THE GREATER OF a) two (2) months rent at the Monthly Rent stated in the Lease, OR b) two thirds of the remaining rent due on the balance of the Lease term or extension thereof (date of Notice to Vacate through the termination date of the Lease).I really don't want to get off on the wrong foot with this guy. 

As for the Air bnb goes, you have to acquire a special use permit for short-term rentals and the property has to conform to the permit requirements.

The seller swore up and down it was zoned multi-family etc but when I did some homework on the zoning it actually turned out that it was zoned single family and that currently it has a non-conforming use granted on it allowing it to remain a 5 unit building until someone rebuilds or if its destroyed and one had to rebuild.

Don't confuse your future real estate career with all that junk about wholesaling ---- you are or you will an investor ---- I use a system I built years ago --- called Control and Roll - how it works is you only deal with sellers who have a problem --- also known as "motivated sellers" - if you can't control that property for at lease $10,000 potential profit - you are wasting your time.Where to find sellers with a problem:Rent court - sit in rent court a few days a weekHousing court -- same as aboveHousing code violationUnsold TAX Certificate properties READ the Daily Record -- or the legal paper in your area - a ton of leads can be found if you know what to look for.Radio ads --- Wanted Real Estate - houses - commercial or non-conforming buildings - make sure all calls come to your cell - and remember to pick up when the phone rings.Public auctions - get on the mailing list of all the auctioneer in your community - attend auctions and meed some real professional investors - investors who are making lots of money.Classified line ads in all local papersProbate - be a profession - write a great letter to executors and lawyersRun ads in you local legal newspaperExpired listings ---- forget the letter - go knock on the door - find the owner - make an offer subject to assignment.Listings that have been on the market for 180 days or more - contract the owner (if you are not an agent) talk to the agent - make an offer.Form a syndication - everyone in the groups puts up $5,000 - they are all looking for bargain propertiesDeal with newly licensed real estate agents - they are still eager to work with you - get them before they get brained washed!

One recent New York decision found that “given the now widespread use of email as a form of written communication in both personal and business affairs, it would be unreasonable to conclude that email messages are incapable of conforming to the criteria of (the New York version of the UETA) simply because they cannot be physically signed in a traditional fashion”[2]UETA applies “only to transactions between parties, each of which has agreed to conduct transactions by electronic means.

If you want to get into the inner circles of top brokers then investors generally have to conform to their business practices and procedures.

I would also advise him to take his tenant to small claims court, if necessary, for the simple exercise of letting the tenant know that every move they make that does not conform with his rules will be painful.You speak of eviction as though it is the only recourse, it is not.

Not parent or change the way people live.I would say that I'm not parenting or changing the way people live, but instead inspiring them to conform to the rules and standards that I've put in place through self correction.

Conventional mortgages will not lend to an LLC so expect to paying a higher rate than conforming loans.

Tore down and build a property conforming to the other 7 houses we owned on the same block.