Jo Jones
Smoking and lying about it.
Hello, I recently found out both my tenants smoke and they lied about it. I had them sign a Lease and in that lease they agreed to the no smoking rule. So, I am choosing to pick my battle here but they now want to mov...
Iqbal Sraon
Do I have to pay the rent?
I was renting a property and was on month to month lease. More than a month ago, I found a new house to live for my family. So I texted my landlord on the phone, that I will be out of the rental property after 30 d...
Kenny Stone
Rental Agreement Cancellation Contract
Good morning!I have tenants that are wanting to move out before their lease is up. I have it stated in the contract that to have the lease agreement cancelled (prior to the agreed upon end date) there are two stipulat...
Bienes Raices
Quitclaiming into LLC, and lease
In the event that you own a property in your own name for a while and then decide to quitclaim it into an LLC that you've formed, what do you do about the lease if you have tenants currently there? Do you create a bra...
Mario T.
lead with equity, what now?
Here's the scenario:I am a new investor. I found a lead from my probate list. Found out that there is a lot of equity in the property, Seller wants to sell, but we can't agree on a price. I want to wholesale the de...
David Mathews
Hurricanes+Recoverable Depreciation = A Possible Creative Offer?
Hello BP world. I am writing from storm stricken Lake Charles, LA. Within a short period of time our city endured two back to back hurricanes, a freakish flood, and an unprecedented freeze that has unfortunately left...
Zachary Webster
Letter of Intent Content
Hi all,We are in negotiations on a commercial property and I have concerns about the following two sections we had written into our letter of intent:- Certificate of Occupancy: Shall be applied for by Purchaser with t...
Chris Newton
Landlord help, tenant has asked for rent to buy?????
Hi all,I wonder if anyone can help me understand (OK simplify) the rent to buy processMy tenant has been in a year and asked if I would sell to them. We make absolutely no money on this house and actually pay $6000 a...
Gayle Thompson
Commercial Lease, Implied Consent, Detrimental Reliance
I have a month-to-month commercial tenant in Oregon. After 8 years of no rent increases, I verbally requested an increase and he has been paying it since January. I never notified him in writing. We agreed that he ...
Chintu Kalidindi
Lease renewal. When to sign, when to cash check.
Hello, I have a newbie question. My tenant's current 1 year lease ends June 30th. We both have mutually agreed to renew their lease with a 1 year upfront payment. When can I ask them to sign the new lease? When can I ...