Signatures: A lease must be signed by both the lessor and the lessee to be valid and legally binding. “Until a lease or rental agreement has been signed, you can absolutely negotiate the terms of your contract.” Can you negotiate a lease agreement? Until a lease or rental agreement ...
Conversely, an executory agreement is “signed, sealed, and yet to be delivered.” Companies and individuals can execute a contract in the following scenarios: Services, sales, and purchases Franchise agreement Auto or equipment lease Real estate or property lease Rental agreement Intellectual ...
In a rental agreement (the lease) the landlord may provide concessions to attract a potential renter to sign the lease agreement. A concession in this arrangement would most often be some sort of discount, for example, one month of free rent for signing a 24-month rental contract. What Are...
When it comes to rental property management, tenant relationships can make or break your success. A well-managed tenant relationship can lead to longer leases, timely rent payments, and reduced property wear and tear. This leads to higher profits and less stress. Here’s a guide to successfully...
If you’ve already weighed the decision to rent vs. buy a home and you’ve chosen to rent, you’ll fill out a rental application and typically undergo a credit and background check. Once you’ve cleared those hurdles, it’s time to sign the rental lease agreement. Before you do, thou...
Over the past 10 years I’ve signed more Chinese rental agreements than I care to admit and I’ve had both good experiences and bad ones. Each one has taught me a little more about the Chinese rental process and hopefully I can impart that knowledge to you here. ...
Another way to buy an investment property with no money down is with help from the seller. Known as “owner financing” or “seller financing,” this type of loan is an agreement where the seller handles the mortgage process instead of a financial institution. The borrower repays the loan ...
Rent-to-own homes are homes that include a clause in the rental agreement that either gives you the option to buy or an obligation to buy after a certain period of time. You make rent payments each month and a portion of those payments can count toward your down payment. Should you deci...
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Give your tenant/buyer twelve stick'em labels with your address printed on them. Now all they need to do is peel off one each month, place it on the envelope with a stamp and mail it to you. To encourage timely rental payments, state that the tenant/buyer will receive an option bonus...