It depends on your terms in your lease agreement, there is no rescission period for the client unless stipulated in your lease agreement. ( There is NO change your mind date)The moment they signed the lease they committed to the agreement.

There will likely be some kind of Listing Agreement that will stipulate the commission to the Listing Agent.

You must clearly stipulate in your contracts that you are not a licensed realtor and do not represent anyone but yourself.

I will be offering them the rental later today with the stipulation that payment be via direct deposit.

Seems like there are more and more stipulations, this one is news to me!

Hi Lynn,I think it all depends on what the contract that you signed stipulates.

Thank you all for your thoughts:Jeff, I responded to an add on zillow and I was not privy to any contract other than the word of the wholesaler that he had equitable title.When I inquired he sent an agreement stipulating that I was obligated I pay a fee on any property bought from a particular party.

Is it legal to even stipulate a return on investment like that in the first place?

Even if his current lease does not stipulate the exact order in Taz's description, but does state your example, due on 4th and tenant has consistantly paid late with no late fees to date, the contract still states it is due on the 4th and late thereafter, regardless of what the tenant tells the judge.

The mortgage lender is in the business for the monthly interest payment.Most mortgage notes stipulate that the principal balance does not have to be fully recouped until 30 years unless of course there is a problem making interest on the investment monthly.