The only "out" they have is having insufficient funds, which a late charge will be applied automatically.

I was under contract for asking price $154k in a couple of days and then the buyers fell out due to insufficient funds three days before closing & I gave them 5 weeks to close!

If they gave you what is required and you find it insufficient, call the management company or a Board member.

This will also help protect against insufficient materials risk and you may be able to pin the expense on the Contractor if it exceeds a certain amount.Good luck!

Competing proposals / insufficient budget?

Deeds improperly held for safekeeping (this was a big problem with lost deeds) Life events, death, incapacitation, divorce, bankruptcy were insufficient as installment contracts involve individuals rather than corporate entities.

I live in an area where tons of houses end up with roots in their underground pipes.One pipe has had recurring problems and Roto Rooter is suggesting installation of an outdoor clean-out (since the house's current one is small and insufficient).It involves excavation and the RR guy says that, unfortunately, he's not 100% sure whether the problem pipe is inside the house's footing (under the house) or outside the footing (and accessible with an excavator).

I do take personal checks because I live in a town of 2000 people and we have a small branch of a local bank here so if I get a check with insufficient funds which is rare they let me know so everyone avoids all the bounced check fees and I can have the tenant fix the problem.

I somehow expected that they might contact me and say "Your bid was insufficient, but we would take $X."

I guess the 2yrs of tax returns is insufficient: yeah, I inflate rental income!.