Here is one situation where the first position might have done the "deed in lieu", or the second could have done the "deed in lieu" (cleaner if the second did it IMO), and all liens get paid off upon the SUBSEQUENT sale of the property.Not sure if this scenario would constitute a prohibited transaction or not ...

The Property Appraiser reserves the right to reverse any previously approved split request on any subsequent year’s tax roll."

They subsequently are determined to be DOA or such. 

. , here's our #'s from last yr:Housekeeping = $85 per cleaning = $2,475 (we only charge the cleaning fee to guests that stay less than 7 days.Maintenance/ Repairs = $1,799 (small items like un-clogging the bathroom sink and fixing the drapes on the lanai sliding door.)

However, there may have been subsequent agreements not recorded.

The banks can ruin the economy and destroy half the small businesses in our country and subsequently the government can confiscate our income and give it to them.Systemic risk is ever present unfortunately.

For six months, and since the existing lease is similar to yours, I would let it slide until he leaves.

Would failing to inform the lender of subsequent offers be considered a material misrepresentation?

I am also looking for a buy and hold to be an owner occupant, then in a few years move on, rent out my unit, and continue the slide into real estate.

If I put all CASH here, the subsequent assignee of the contract  will have to abide by the terms that I initially agree to.