Sid Langley
tenant wants language in lease to make landlord liable
I'm just starting to rent my house out. I selected a tenant with an excellent background check. I presented her my rental agreement, which says in part:"All personal property on premises shall be and remain at tenan...
Jameson Sullivan
Sourcing leads for commercial leasing and shopping center sales
Its my first week as a commercial broker and in my brokerage we focus mostly on leasing of shopping centers, investment sales of buildings as well as shopping centers, and tenant rep. Although those are the main focus...
Michael Henry
34-Unit Rooming Housing - Lease Option and Creative Financing
Lessons Learned from a 34-Unit Rooming Housing Project with a Lease Option and Creative Financing!Hey BiggerPockets! I wanted to share the rooming house project I completed with creative financing, how the numbers wor...
JuJuan Buford
Considering a Master Lease Agreement on a Residence, Feedback?
I'm looking at a residence in Bay City, MI. Avg. Sale Price is 57k. Owner owes 55k. 3 Bedroom. 1 Bath. The avg. rent is $900The owner had to take a job in Detroit, because she lost her job in Bay City. Acquired an apa...
Devon Yates
Updating lease for existing tenant after purchasing new property
Hello all,I closed on a duplex recently with an existing tenant. They are on a month-to-month lease and have been for almost a decade. How do you go about updating the lease with an existing tenant? I plan on incre...
David Williams
10yr lease: What clause will allow Renter early exit?
I'm the renter of a commercial retail property in Colorado. I've been offered a 10yr lease at $18k/yr. Landlords in CO are required to make effort to re-let property. I don't want to assume excessive risk as I'm 5...
Frank S.
Unit not ready - Using 2022 Chicago Residential Lease - Deliver
Howdy, I am in a pinch. The unit rented for 8/1/2022 will not be ready. I messed up a few things. It will take about two weeks, if I am lucky. I can't deliver possession. I have the following clause, 7. Possession....
Sean Buruschkin
Breaking the lease because rooms cannot be heated properly
I started a lease on 12/15/2018 and I am the tenant. It is a three-story home and rehabbed in 2018. I am the first tenant since it's been rehabbed. To give you full context, the home is located in a flood zone in Phoe...
Matthew Lindsey
Month to Month Leases with DSCR REFI an Issue
Hi,Does the type of lease term make a difference when wanting to do a DSCR type refinance loan? I have some leases that are Month to Month and I just want to make sure that will not hurt me during the process. Whether...
Ellis San Jose
Creative aquisition help: HELOC question/ Sub-2 Master lease
I am considering either acquiring or master leasing a property from a seller/owner.There is a HELOC in 2nd position w/ $51,000 balance but has a maximum credit line of $350k.I would like to leave the loan in place if ...