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Document Templates Give You The Perfect Framework For Your Documents
When it comes to running an office, the SOHO entrepreneur has enough on his or her plate as it is. So if you find yourself in the unenviable position of regularly having to set aside your core competencies to handle tedious, repetitive...
Four Principles of Emerging Market Success
Emerging markets are high risk and high reward. In my work as an attorney representing Western companies in emerging markets, I have concluded there are four essential elements to emerging market success: a good partner, an open mind, active...
Is Your MLM/Multilevel Marketing Business Legitimate?
INTRODUCTION
A legitimate multilevel marketing business is a great way to get a legitimate residual income that could change your life from the 9-5 rut to a life of financial freedom. But there are many pitfalls out there that will make...
Lawyers are not always a Solution for Credit Repair and Credit Building
Lawyers often charge high fees to help individuals get out of debt. Credit repair clinics are available to assist individuals with debt relief, but only the absolute desperate would even consider these types of solutions.
So, if this is not the...
The Basics of Starting a Lawn Business & Landscape Business
My goal is to bring lawn and landscape professionals great information, advice, tips,and strategies. I love this business and want to see others learn, grow, and be successful.
You have picked a great field to be in. The SERVICE Industry. The...
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The Landlording Follies
You are the landlord of a small apartment building that you are offering for sale. You find a buyer and a sale is arranged.
The tenants learn of the sale and ask if they will be forced to move. How do you answer?
You explain that it depends upon the lease agreement. If the tenant signed a lease they have the right to remain in the unit at least until the end of the lease... longer if the new owner agrees.
In many cases the tenant signed a lease and remained after the lease term ended. At that point their occupancy became a month to month tenancy.
A month to month tenancy can be terminated merely with the landlord giving notice to the tenant. The length of the notice may be governed by state law, but a 30-day notice is customary.
In another situation the tenants
learned that the apartment owner was in default on his monthly mortgage payments and the lender had begun a foreclosure action.
All the tenants had time remaining on their apartment leases and they had no intention of moving.
Bad news for the tenants... real property foreclosure law states that junior liens and leases are extinguished by a foreclosure.
This means tenant leases do not have to be honored by whomever buys the property at the foreclosure auction.
The tenants will receive due process by receiving a notice to vacate and if they don't move they will face an eviction lawsuit.
About The Author
Mark Walters is an investor and author. You can find his
published material at http://www.CashFlowInstitute.com
http://cfiblog.blogspot.com/
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