,Unless they've changed it, most RE purchase contracts spell out in their verbiage that "Time is of the essence" or something similar.Sitting on it that long was ill-advised, but learn that now about yourself.

(Not sure on proper spelling or pronunciation of the mazion lock)

This better be clearly spelled out in your subcontract or it is invalid.

Your independent contractor's agreement with the company you worked for should spell out how your own deals are handled.

It should be spelled out.

The Note spells out the terms and conditions of the loan (interest rate, length of the loan, when payments are due, etc.)The Mortgage gives the lender the right to foreclose on the property and to force a sale if necessary, if all legal procedures are followed, in order to recover as much of their principal as they can if the borrower defaults on the terms of the note.

Everything would be spelled out in an attorney drafted operating agreement/contract.This is the deal he proposed.

This will spell out the how. 

The previous manager did not collect late fees ever even though penalties are spelled out in the lease. 

I wrote a lease spelling it out, and she made one attempt to pay on through eRentPayment and her debit card was denied, and I never heard from her again.