Friday, June 14, 2013
Landlord/investors need to have all paperwork in order
Owners of investment property need to have wriiten lease or tenant at will agreements clearly stating the terms of the rental. This will list all owners all occupanys & all tenants over 18 uses, other occupants, uses, who pays what utilies, restrictions, rent rate, security or last month rent( if either collected), storage, parking and more. At the time of purchase the new landlord will replace the old landlords for obligations under any rental agreements in place.
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