I declared that week that I would never again work for a company I didn't own. 

Recently a unit owner noticed no one was parking in a space and it was discovered that this one space was never designated or conveyed in the declaration etc, and no deed for any unit in the building lists this parking spot. 

(I know of a few folks who have managed this).That said, one of the statements buried in your application for an insured mortgage is likely a declaration that you presently do not hold one {a CYA clause for the lender}.

We've got another situation ongoing where we actually had a first position lien, sued for damages, were awarded a FIFA lien against the owner, foreclosed, owner declared bankruptcy, and we're still going after it... almost 3 years of litigation and 5 figures in lawyer fees to get paid from one job.So, in conclusion... perform->pay doesn't hold much interest for me.

I have seen this go to court and the judge declare this agreement to be a Land Contract and not a lease option, if part of the rent is credited towards the purchase.  

I really want them to pay me AT or before settlement otherwise they'll sell the properties and declare their LLC bankrupt.

-- Getting too old to Army Crawl under houses all day long for a living with never ending aching bones and muscles.

@Chinmay J. the owner or anyone in the chain of title can redeem the property up until the day a judge declares the foreclosure final.

Add the fact that the Property Code declares open season on the investor/seller whenever a tenant/buyer becomes disgruntled with an executory contract, and there are more reasons to avoid lease-purchases than there are to do them—especially since loss of an executory contract lawsuit could present an extinction event for a small investor.

. === here's the Calif Form, observe, it's a Proof of Service, not a Notarization === Proof Of Service I, the undersigned declare under penalty of perjury, that I served this Notice to Pay Rent or Quit, of which this is a true copy, on the above-mentioned Tenant in Possession in the manner(s) indicated below; [ ] On ____________________, 19____, I handed the Notice to the tenant. [ ] I handed the Notice to a person of suitable age and discretion at the tenant’s residence/business on ____________________, 19____. [ ] I posted the Notice in a conspicuous place at the tenant’s residence on __________________________, 19____, [ ] I sent by certified mail a true copy of the Notice to the tenant at this place of residence on ____________________, 19____, Executed ____________________, at _______________ By ____________________________________________