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3 August 2022 | 4 replies
If Landlord is unable to deliver possession to Tenant onsuch date, this Lease shall remain in full force and effect except that the Monthly Rentshall be abated pro rata until possession is delivered, unless Tenant elects to maintainan action for possession of the Premises or, upon written notice to Landlord, elects toterminate this Lease.Per the above, it seems, I can offer to prorate rent and they can move when ready.
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29 March 2019 | 10 replies
So in my 40% deal if we put in 100K then we get a 6% preferred rate on that 100K and a pro rata portion of the 60% the investors are gettingHope that helps
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20 March 2008 | 14 replies
Personally, i would have accepted this 12 months offer but not with major discount but some minor compensation (of course much more than the average bank interest rate):)Also you will have to draft out a quote in the agreement for pro-rata payback if the deal fall through midway through the year
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20 September 2018 | 11 replies
Once the plan is confirmed, the trustee will make pro rata payments to all the creditors, which include the arrrears on your loan.Also, look up the case in PACER.
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16 November 2017 | 20 replies
Solo-K would be my preference since this will allow me to avoid tripping the pro-rata rule when I make my backdoor Roth contribution/conversion every year.My question is, which self-directed provider to use??
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23 May 2023 | 12 replies
If the whole building is owned by the condo owners then they'd have pro rata land value.
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24 September 2022 | 29 replies
In other words, whatever entity you choose (LLC, LLP, C-Corp) will have an operating agreement spelling out how pro-rata profits are distributed.
1 February 2015 | 2 replies
The first year, will I pay a pro rata share of the long term capital gains and recapture taxes of the principal portions of the mortgage payments plus the money down?
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22 January 2018 | 4 replies
If that tenant ever goes out the second or third generation tenant might not be national but regional or local in nature and if NNN and taxes are really high above base rent you might have to go lower on rent to land the tenant.If this is a strip center with NNN leases then the leases typically state the tenants WILL ONLY cover their pro-rata share of property taxes,expenses,etc.Example if you had 6 tenants in a building and then 2 go out the other 4 tenants do not want to shoulder the expenses for (CAM) property taxes, maintenance, and management fees above their base rent for spaces they do not occupy and do not generate sales out of.What you do is check BEFORE while under LOI or PSA with a local tax attorney who challenges and appeals the property taxes to see what is the custom for after a sale.
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6 April 2008 | 1 reply
I assume the investors don't want to be in 2nd or 3rd position on a mortgage, and a tenant-in-common isn't ideal either.Is there any way to do this without having to create a separate LLC for each property and divide the owndership of the LLC pro-rata to their investment?