WE could have duked it out in front of an administrative law judge for 100k plus... but who is going to do that.Just like at the REIA's a few years back here in PDX when some were telling private lenders "Just write for commercial purposes on the Note and your fine" well a few found that to be poor advice.. 

The program administrator will make sure the tenant complies with the lease.

By the way, each and everyone of you can be an advocate to save the 1031 Exchange by visiting: http://www.1031taxreform.com/join-campaign/   It is important that we each contact our Senators, House of Representatives and Administration Officials to let them know how devastating it would be to the real estate industry if Section 1031 were eliminated or limited in any way.

Actually, yesterday, I stumbled across an old public schools administration building that has been on the market for a while.

Call up the applicant and make sure they did not mess up some numbers.If they didn't call the social security administration to get clarity.DO NOT let them move in during the weekend as offices are closed and you can't verify things (common professional tenant ploy).You want to make sure the social security is not a stolen one from a living or a dead person.

But once a lender quotes one, lump sum fee to cover a bunch of items (e.g. administration fee, application fee, appraisal, underwriting, legal = $1,200) this is probably a lending scam.

In the event tenant fails to abide by the term or conditions stipulated herein and it becomes necessary for the Landlord to act upon any issue to cure any such default of performance, the Lamndlord shall be entitled to an administrative fee, per occurance, for each action deemed necessary to cure such default.

The administration and accounting for these plans became quite costly and so they have fell out of favor.

anyway if you are it doesn't matter.to clear things up i never made a complaint about you. i was contacted by administration and i simply explained what i thought was going on.

If you "renew" a residential mortgage with the same lender you will probably get hit with a $200 - $500 "administration" fee, but you will not have to register a new mortgage, so will save on legal.If you switch lenders, you would have the added costs of registering the new mortgage - though, we've often been able to get the new lender to absorb those costs as part of wooing our business.