The language is as follows:8.

Philadelphia has far more in the way of requirements to meet.And there are many layers that have to be accomodated as well, What I mean here is that, there will be federal level requirements (Lead Based Paint disclosure document for pre-1978 construction), there is state level stuff (in PA for example, we have to use a plain language lease - no legalese), and then there are local requirements (Phila has their own Lead Based Paint disclosure, and a tenant handbook that the landlord has to give to the tenant as a couple examples here).I would venture to say that having one lease document that is universal throughout all states might be a tough thing to come up with, and you'd certainly have to include things that would be considered extraneous in some areas (because they are required things in a few locations).

I thought I was using the english language, but seems it's often skimmed instead of read.

Do check the specific language of the contract as there may be some restrictions.

Just wanted to introduce myself here "officially" in the forums.My name is Annelise, I'm 23 and already have 1 investment property.

I'm not sure what the question marks are meant to represent, but in each of the elements of the chart there is a lot of other language.

@Nick - My guess is that until there is something official to say (either the waiver expires or is officially extended) they won't publish anything official.

So I announced a while back that we just acquired a triplex after several years of not having any property. everything has closed and we became official owners two days ago.

I am guessing that there is other language in addition to this language that hedges for usury laws.Others bring up good points...you want to make sure you aren't up against a hard balloon with the seller's financing.

My gut tells me to follow the official paper and the RE attorney.