REQUIREMENTSThe City of San Antonio has recently amended the Affordable Housing Initiative to provide quality affordable housing to all citizens regardless of income level.

We recently took our properties back from a 3rd party management company, so we are now self operating. We have been renewing their original leases from the management company, however, we would like to change some th...

There will be a amendment allowing him to change the locks and do everything he needs to run his business, but this feels cut-and-dried.Does anyone else have any experience in this arena?

In California, you would tell the buyer and even amend your Transfer Disclosure Statement and then the buyer would have the chance to cancel for 5 days afterwards.

Section 513(a) of the National Housing Act, as amended,provides that as long as mortgage insurance is outstanding,no portion of the housing covered by any such mortgage shallbe used for transient or hotel purposes;The Secretary has defined the term transient or hotelpurposes to mean (1) any rental for a period less than 30days, or (2) any rental if the occupants of the housingaccommodations are provided customary hotel services suchas room service for food and beverages, maid service,furnishing and laundering of linen, and bellboy service.Thanks,Ate

@Khandbari Rai as said above, depends on the date you purchased but either a change in accounting method or amended return.

If not, you would both need to first sign an amendment to that Agreement TO allow subleasing.

You can try to add the amendment, but I doubt it'll fly. - #2 is viable.

If your lease does not specifically outline this, then I would look into amending the lease to add this the next time you are able to renew the lease (once the current lease expires). 

Unfortunately, approximately 7 times out of 10 we've had to go back and review their prior tax returns, file amending returns, or file Form 3115.