23 February 2018 | 9 replies
Thank you all for the quick response.
17 February 2018 | 3 replies
The “agreement” he sent me is below (identifying details redacted):______________________RESIDENTIAL LEASE and OPTION TO PURCHASE AGREEMENTBUYER/TENANT: XXX Holdings, LLC Date: 2-16-2018SELLER/LANDLORD: XXXPROPERTY ADDRESS: XXXXXXRESIDENTIAL LEASE1) Rent: $2,500 per month2) Lease Term: 36 months, beginning March 16, 2018 and ending March 16, 2021.3) Maintenance: Buyer/Tenant will be responsible for maintenance and repairs ofthe property, not to exceed $500 per incident.4) Sub-Lease: Buyer/Tenant has the right to sub-lease this property with writtenconsent by the Seller / Landlord, and this shall not be unreasonably withheld.OPTION to PURCHASE1) Purchase Price: $ 345,0002) Option Period: 36 months, beginning March 16, 2018 and ending March 16,2021.3) Option Consideration: $100 - All Option Consideration will be credited in fulltoward the purchase of the property.4) Rent Credit: Buyer/Tenant will be credited $ 0 per month toward the purchase.5) Closing Costs: Purchaser will pay all allowable closing costs.6) Expiration: This offer shall expire on March 16, 2021.7) Inspection: This offer is contingent upon physical inspection of property andsubsequent completion of a more formal and signed Residential Lease with Optionto Purchase Agreement.8) Non-Exclusive – This agreement is non-exclusive and can be canceled anytimeby either party.9) Assignable – This Agreement is assignable with written consent by the Seller /Landlord, and this shall not be unreasonably withheld.X_____________________________ X ________________________________Seller/Landlord Date Buyer/Tenant Date_________________I have a few questions: Is this legit?
20 February 2018 | 9 replies
Thank you for the insights and the thoughtful response, @ Patrice Penda.
19 February 2018 | 8 replies
Thank you all for your responses!
17 February 2018 | 3 replies
Inform your tenant that they will be responsible for all repair costs and advise them to contact their insurance agent immediately.
21 February 2018 | 6 replies
Sorry for the delayed response, this week I have kind of been all over the place.
20 February 2018 | 1 reply
For the past year: yellow letters and eddmLooking for higher than 5% response rate.
14 March 2018 | 9 replies
Through all your collective responses I've decided not to make an offer on the property.
16 August 2018 | 5 replies
If you haven’t bought them already you might want to slow down your process until you’ve ironed out an exit plan.
18 February 2018 | 4 replies
In my state, regardless of what I have in writing, I am responsible for storage and maintenance of any personal property left behind for six months.