Tanks are pumped regularly to maintain detention time in the tank and prevent premature failure of the field.

This contract shall give instructions to record the underlying deed (showing the buyer "you" as the owner on public record) once the equity payments and subject to mortgage balance is paid off in full on a undisclosed date, or, if both parties prematurely sign the executory contract prior to mortgage balance being paid off in full/ and/or the equity payments full paid.   

So I guess it's far surpassed its life expectancy; but of course, I don't want any premature expenses.

I can make deeds out to my wife on the properties I own personally and keep them in a shoe box to be used in case I die prematurely, so all my property will still pass to my spouse but she is not personally liable on the debt. 

Is it premature for me to talk with a tax professional and decide on a structure before I start looking to buy?

You can buy 600 filters for the same cost as one (premature) furnace replacement.We also use the inspection to do some tenant training based on what we find on how to maintain the house, the lawn, down spout extensions etc We might also order a tree trimming, weed&feed or re-seal the driveway.

What if one partner wants to sell prematurely, does their profit split change?

Offer a settlement to refrain from filing suite - - at least 75% of the outstanding balance.If they settle, create a release stating "they prematurely abandoned the lease", the outstanding balance, the settlement fee and the date of the settlement - - both parties sign and date.

It would be premature to do so and would cost you a stop payment fee.

Hi Jarvis I know it is a bit premature be the purpose of this post was to get as much insight as possible before the deal.