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3 May 2016 | 27 replies
Fortunately for the homeowner I cured the first and sold the property (on sale the first was satisfied)- but I could have just the same cured the first and kept the property with the first lien in the previous owners name until of course the first lien holder chooses to enforce their due on sale clause.Oddly enough, if the first were current and the second takes the property to auction - there is case law/legal precedent that limits the first lien holders ability to enforce their due on sale clause.Either way - you can bid on a second lien at the courthouse steps and take title to the property, evict the previous owner, and proceed from that point.
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22 November 2010 | 7 replies
However, as to damages, like a whole through the wall, that will likely be upheld, so it depends on the nature of the damage.Now, if the agreement is mutual, where you agree to hold him harless for certain acts or ommissions and agrees to hold you ahrmles for maybe other acts then there is a balance and the likleyhood of enforcement is much better.As Jon pointed out, it's the old slip and fall and denying liability...I've even seen these at garage sales, LOL!
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3 May 2011 | 7 replies
Since there aren't any major banks that enforce dual signatures on accounts, an idea I had was to use a licensed and bonded 3rd party custodian account which requires dual signatures before disbursement.
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12 December 2014 | 19 replies
Let's assume you did want to enforce him not being allowed to grow there, and proceed on with that train of thought for a second.What does your lease say about illegal activity at the property, and the recourse you as the LL have in that situation?
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26 April 2014 | 9 replies
Take any classes your local law enforcement may offer regarding landlording and keeping communities safe.
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4 May 2021 | 75 replies
“In particular, this sends a strong market signal that we are seeking to revitalize this area.”A revitalized communitySmith said within the 288-acre zone, the city will be able to put an enhanced focus on housing rehabilitation, code enforcement, and structural and environmental assessments, while also offering more construction incentives and potential façade grants to help remove blight.
8 November 2017 | 471 replies
Also, do the rules/requirements that you enforce have to apply to yourself?
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2 October 2019 | 12 replies
Everything from:(1) contract a property manager, (2) analyze lenders apples-to-apples, (3) engage your contractor (and I've even included a document for your contractor to use to provide you itemized bids on work - no more guessing what you are paying for), (4) a lease agreement, (5) a "checklist" of business incorporation items to launch your real estate LLC and (7) even a BRRRR deal analysis spreadsheet so you can know right away if you'll be making a great deal.These legal docs are enforceable in all States.
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8 November 2016 | 47 replies
Remember while it is legal under District law, it is still illegal under Federal law, and we have a lot of Federal law enforcement officers roaming the area.
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17 November 2016 | 3 replies
Then again, if you are doing it already, the cost of the extra fence yardage may be minimal.With respect of what they can put in the enclosed area, you can address that in the lease but have to be willing to enforce it (e.g. park a junk car -> start eviction).