Current negotiation from LL Commercial lease Monthly Rent $6000 Security Deposit will be $7000 (based on last month rent of the lease term)Six Month Build Out Period - June 1 to Dec 31, 2024 Lease to start January 1, 2025. 5 year term During the build out period the tenant would pay $3000 per month rent (June 1 to December 31, 2024)The balance of $18,000 from the build out period would be paid back over 12 months at $1500 per month on a separate agreement.

Should this arrangement be done in some kind of an agreement ?

For my multi-family properties, we get quality leads from Apartments.com and Zillow.I believe if you have a bigger pockets pro membership you can get lease agreement customized for any state.

Finally, have your PM screened, double screened, & triple screened before you sign a management agreement.

Generic agreements/hand shake agreements with vague exist strategy can get a little nasty in my experience.

An agent can use an "exclusive listing agreement" with an option to sell it off market as a "pocket listing."

So many things are best written in the lease agreement and any addendums specific for the property.Would I have printed something off for a tenant?

If not, we’ll need to have one ordered for you.Entity Documents (NEEDED FOR PREAPPROVAL):LLC/LLP i.Copy of Articles of Formation/Incorporation ii.Copy of fully executed Operating Agreement/Partnership Agreement (all pages & amendments) iii.Certificate of Foreign Qualification (if applicable) Corporation i.Copy of Articles of Formation/Incorporation ii.Copy of fully executed Corporate Resolution designating authorized signer(s) for the Corporation iii.Copy of fully executed Corporate Bylaws iv.Copy of stock certification v.Certificate of Foreign Qualification (if applicable)Identification (NEEDED FOR PREAPPROVAL): Copy Driver’s License or Passport for each Guarantor.Rent Roll (NEEDED FOR PREAPPROVAL): We’ll need to get an understanding of the current cash flow of the property.

Use a consistent naming convention - ex. 2024.03.25 Home Depot3 Maintain properrecords - Contracts, Settlement Statements, Agreements, Promissory Notes etc.

We have a written agreement and it has also been notarized.