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Results (4,418+)
Warren Blevins Question on Lease/Option to Buy Agreement
17 February 2018 | 3 replies
The “agreement” he sent me is below (identifying details redacted):______________________RESIDENTIAL LEASE and OPTION TO PURCHASE AGREEMENTBUYER/TENANT: XXX Holdings, LLC Date: 2-16-2018SELLER/LANDLORD: XXXPROPERTY ADDRESS: XXXXXXRESIDENTIAL LEASE1) Rent: $2,500 per month2) Lease Term: 36 months, beginning March 16, 2018 and ending March 16, 2021.3) Maintenance: Buyer/Tenant will be responsible for maintenance and repairs ofthe property, not to exceed $500 per incident.4) Sub-Lease: Buyer/Tenant has the right to sub-lease this property with writtenconsent by the Seller / Landlord, and this shall not be unreasonably withheld.OPTION to PURCHASE1) Purchase Price: $ 345,0002) Option Period: 36 months, beginning March 16, 2018 and ending March 16,2021.3) Option Consideration: $100 - All Option Consideration will be credited in fulltoward the purchase of the property.4) Rent Credit: Buyer/Tenant will be credited $ 0 per month toward the purchase.5) Closing Costs: Purchaser will pay all allowable closing costs.6) Expiration: This offer shall expire on March 16, 2021.7) Inspection: This offer is contingent upon physical inspection of property andsubsequent completion of a more formal and signed Residential Lease with Optionto Purchase Agreement.8) Non-Exclusive – This agreement is non-exclusive and can be canceled anytimeby either party.9) Assignable – This Agreement is assignable with written consent by the Seller /Landlord, and this shall not be unreasonably withheld.X_____________________________ X ________________________________Seller/Landlord Date Buyer/Tenant Date_________________I have a few questions: Is this legit?
Eric Lee Filing taxes for rental property (first timer)
19 February 2018 | 8 replies
If your taxes aren't too complex, their fee won't be unreasonable.
Allen Lemay Partnerships on multi family properties
19 February 2018 | 4 replies
@Allen LemayIt takes a huge amount of work looking for deals, analyzing them and making sure that the numbers make sense.And it is fair that whoever finds the deal and bring it to the table gets compensated.5 to 10% is not unreasonable.
Alex Tobias Have you come across rental license fees often?
27 February 2018 | 6 replies
The most recent unreasonable request was to replace a sidewalk that had passed inspection just a few years prior - newly hired inspector has to show he can flex his muscle I guess.
Seth M. Tenant Mold Complaints Following Abatement - Advice please!
15 May 2018 | 27 replies
.- based on what I feel was an unreasonable counter I'm not sure how to frame my response to the tenants.My questions for the BP community:- Could I be missing something causing real health issues?
Quentin Tai Buy property with cash and then refi for home equity loan
21 February 2018 | 1 reply
If you're reading this and saying it's a terrible idea or completely unreasonable or unrealistic, please let me know why :) If you've done this before, please tell me about your experience!
Jack B. Buyer wants to pay me cash for part of the transaction
26 February 2018 | 6 replies
But I'd treat them like legitimate buyers with an unreasonable request rather than likely international fugitives hiding their bounty (not that you are, but honestly could be either!)
Naeem Kapasi First Commercial Transaction
8 March 2018 | 8 replies
The tenant attorney and tenant rep broker of course will try to do the opposite of what the landlord wants in ultimate guaranty security of lease, annual rental increases, and long term primary lease term.If you left it up to a tenant they would try 3 year primary lease, blocked rent increases so not annual, sales clause if not at certain level they can terminate or reduce rent, co-tenant anchor clauses, crazy broad restrictive uses for other units in the center, no personal guarantee, no disclosure of personal or business financials per the lease, set up a single entity remote LLC so they can bankrupt it for one location if things go bad, put a ROFR clause in the lease, incapacity clause where if tenant gets sick or hurt they can cancel lease, construction road widening clause where tenant can pay reduced rent while access is reduced to the center, unreasonable CAM cap clauses, etc.I can go on and on with the crap I have seen in leases for my clients buying retail centers where I am the broker.
Terry Lao is there a vacancy % factor that lenders will not lend beyond
6 March 2018 | 23 replies
This means I never see passive multi-family buildings, so I'm unsure of their specific requirements. that said, 50% occupancy is awful and lending on that would seem difficult to say the least. if your building is one of 23 it seems unreasonable for you to bear the burden of a total vacancy rate.
Rafael Larios Split a lot in California
28 February 2018 | 4 replies
I work with Redlands planning quite often and it tend to get more difficult every time due to bureaucratic BS.   2)  If there is no lender, splitting the lot is relatively easy although it will take a little bit of time and money but nothing unreasonable.