From my understanding, once you draw up an initial contract, that contract can be used as a preliminary contract.

Free utilities is always a draw, and they usually don't notice I'm priced $30 higher than other units.

I see it more as a function of that south Euclid has, like Lyndhurst, or Garfield heights (to bring it back around) mostly sfh (or doubles except in Lynd) which draw existing or new families.

This can be a very important issue when the owner is doing what architects call 'placemaking' where the idea is to create a look and feel that draws not just customers but the public as well who are at least potential customers.For retail leases an often important piece is Percentage Rent where the owner receives a base rent plus a percent of the tenant's revenue.

The bank is selling the property as one with 3 deprecate pins.

The ROI looks so good on those properties that its tempting to use them to draw investors in.

They may feel some attachment to the property that would draw them in to that.

I am really excited -- we're having a lawyer draw up the documents now.

The rehab budget is capped at about $35k and works on a draw/inspection schedule.

Others are doing HELOC's w/ 10yr interest-only draw period, then term-out for 25 years.