Seller Can Be Responsible for Some Repairs after the Closing
“New Management Agreement” means the management agreement to be entered into between Buyer and the Manager for the operation and management of the Hotel on and after the Closing Date. “Pending Claims” shall have the meaning set forth in Section 7.1(e). 4 “Permitted Exceptions” shall...
“New Management Agreement” means the management agreement to be entered into between Buyer and the Manager for the operation and management of the Hotel on and after the Closing Date. “Pending Claims” shall have the meaning set forth in Section 7.1(e). 7 “Permitted Exceptions” shall...
Lack of formal oversight:Buyers and sellers get to directly negotiate the details of the purchase price and the size of the down payment with seller financing. They may also avoid the kinds ofclosing costsa conventional mortgage usually requires, as well as any potential obligation for the buyer...
Almost everything can be negotiated when buying a home, from the sale price to who’s responsible for repairs. One aspect that often gets overlooked is seller concessions. When the seller agrees to cover part of your closing costs, it’s known as seller concessions. These concessions could sa...
How long a tenant will get the deposit money back after the lease ends? Also on closing is earnest money debited to the buyer and credited to the seller? Is a personal guarantee in a real estate contract binding? Seller, whose place of business is in...
sellers can choose to list it as new and offer it for sale again after a thorough inspection. Alternatively, for items that cannot be listed as new, sellers may opt into theFBA Grade and Resell program. Sellers might also consider refurbishing returned items for resale if minor repairs are ...
Houses that have been sitting around for too long open a window for you to ask the seller to lower the price, coverclosing costs, or provide you with the seller’s credit. Features of a Profitable Investment Property in 2023 Regardless of whether 2023 ends up being a seller’s or buyer’...
Has the car had any major mechanical repairs? Will the owner be able to provide the car's service records, which show regular maintenance? Does the car have any remaining warranty that will transfer over? Does the seller still have a loan on the car, and with what lender? If there isn...
We knew nothing regarding any building code violations nor was anything about this told to us by the sellers.Shouldn't the sellers be responsible for making these repairs?A: As far as the village is concerned, whoever owns the property is responsible for maintaining the property in compliance ...