I read through the lease agreement I had my tenants fill out and I have nothing in there about breaking a lease.Should I add a clause in my lease agreement to address this?

Most banks have mortgage minimums so it basically reduced the buyer-pool to cash-buyer-investors.

In her signed rental application form she stated she didn't own a pet. on the rental application form states that your lease can be terminated if one falsifies any information.Below is a section of my lease agreement regarding pet:9.

(a) A landlord or any person authorized to enter into a rental agreement on his behalf shall disclose to the tenant in writing at or before the commencement of the tenancy the name and address of an owner of the premises or a person authorized to act on behalf of the owner as agent, inter alia, for purposes of service of process and receiving or receipting notices or demands."

The juice usually isn't worth the squeeze in situations like this, and the added professional liability, administrative hassle, and paperwork might not be worth it.And remember - Your broker gets his or her usual cut (based on what your agreement with them says), so it may not be worth your time either.

We originally signed a back of the napkin agreement with one another for 2 years.

A local attorney should help you with the purchase & sale agreement, which needs to follow local laws, but the more expensive work of putting together the PPM should be done by an attorney who understands SEC rules.Good luck

Yes you can but usually you do that with the initial purchase agreement.

@Mike Dymski- great quote- We can turn this thread into a forum for sharing your favorite quotes/concepts from his book :)I personally loved the idea that people are emotional and that negotiating is not about reaching a logical agreement, but more about making the other side FEEL things, like they should feel in control, understood etc.I'll post a quote next time I am on this website and have my book handy :)

Hey @Ryan Perrone , You'll find that most private lenders will want borrowers to have a minimum of 20-25% downpayment towards the purchase price of the property.