Thanks for getting through my letter and the terrible spelling from my cell

However, your lease of course should spell out that material violations of the lease may result in the immediate termination of the lease.

the operating agreement will have everyhting spelled out. 

Just make sure the lease spells that out or you won’t be able to collect them. 

I don’t need to spell that out here, I know you can connect the dots.The moral of the story today is one that has been repeated over and over again throughout the ages – Cash is King.

One example would be a no smoking policy where a weak lease would just say "no smoking" and a strong one would spell out why and what exactly would happen if you do. 

Does your plan spell out how each step you take leads to the next, and the next, and so on? 

For example, a spike in water usage could be from a leak in the plumbing system, maintaining landscaping during a dry spell, keeping a vegetable garden, washing vehicles on the property, or doing other peoples laundry. 

The operating agreement for Deal 1 LLC spells out how the profits are split. 

3) In what ways are the syndicator compensated, and is it clearly spelled out in the Operating Agreement?