I am looking to purchase an extended stay hotel.

Unlike refinancing, which involves taking out a new loan, recasting keeps your existing loan terms—including your interest rate and loan duration—intact.

If the Owner wishes toterminate the agreement during an existing tenancy the owner will be held liable for payment ofmanagement fees for the duration of the existing lease as well as a $300 + GST cancelationfee.

ASSET BASED LENDINGNote: Hard money is defined as average loan size under $2M, average loan hold duration under 2 years, and not a bank. 

I do not have the capital for the property to pitch in, so I plan to use the investors money to secure the property.The interest rate that I will pay the investor is 5% for up to a duration of 20 years.

Is there a specific duration I should be pre-approving an inquiry within?

The real question is duration of these tariffs. 

Our main carrier policy converts to vacant dwelling policy at completion for duration of term and can be renewed on case by case basis if unfinished or unsold.  

Moving forward, it may be prudent to send the notice 90 days in advance, check to see if they got it, and if they say that they didn't go ahead and post it on the door 60 days in advance.For the second part, you're going to need to confirm how contract law works in Nevada, but here in North Carolina if there is a signed lease that lease stands for the entire duration.

It will be extended, we'll see a reduction in regulations that hamper small businesses, and we'll see new regulations that help small businesses.