Turko on rentals and foreclosures

[Ash Housewares]

It was my understanding that the lease had to be market rate to remain valid for it’s duration under a new owner. So, no 10 yr $100/month leases to your mother. I can’t remember where I heard this though.

[sdduuuude]

So, sign and notarize a lease at a reduced rate for an extended period of time, then put it in a vault controlled by the landlord.

Create another signed and notarized document negating the lease and put it in a vault, controlled by the tenant.

No money changes hands.

So, the tenant can’t activate the contract because the landlord controls it and the landlord can’t activate the contract because the tenant controls a doc that negates it.

Once the NOD arrives, tenant and landlord negotiate a price for pulling out that lease …

Tenant pays the landlord. Landlord produces the lease. Tenant hands over the negation doc to the landlord who shreds it.

Plan ahead !

[sdduuuude]

So, sign and notarize a lease at a reduced rate for an extended period of time, then put it in a vault controlled by the landlord.

Create another signed and notarized document negating the lease and put it in a vault, controlled by the tenant.

No money changes hands.

So, the tenant can’t activate the contract because the landlord controls it and the landlord can’t activate the contract because the tenant controls a doc that negates it.

Once the NOD arrives, tenant and landlord negotiate a price for pulling out that lease …

Tenant pays the landlord. Landlord produces the lease. Tenant hands over the negation doc to the landlord who shreds it.

Plan ahead !

[sdduuuude]

So, sign and notarize a lease at a reduced rate for an extended period of time, then put it in a vault controlled by the landlord.

Create another signed and notarized document negating the lease and put it in a vault, controlled by the tenant.

No money changes hands.

So, the tenant can’t activate the contract because the landlord controls it and the landlord can’t activate the contract because the tenant controls a doc that negates it.

Once the NOD arrives, tenant and landlord negotiate a price for pulling out that lease …

Tenant pays the landlord. Landlord produces the lease. Tenant hands over the negation doc to the landlord who shreds it.

Plan ahead !

[sdduuuude]

So, sign and notarize a lease at a reduced rate for an extended period of time, then put it in a vault controlled by the landlord.

Create another signed and notarized document negating the lease and put it in a vault, controlled by the tenant.

No money changes hands.

So, the tenant can’t activate the contract because the landlord controls it and the landlord can’t activate the contract because the tenant controls a doc that negates it.

Once the NOD arrives, tenant and landlord negotiate a price for pulling out that lease …

Tenant pays the landlord. Landlord produces the lease. Tenant hands over the negation doc to the landlord who shreds it.

Plan ahead !

[sdduuuude]

So, sign and notarize a lease at a reduced rate for an extended period of time, then put it in a vault controlled by the landlord.

Create another signed and notarized document negating the lease and put it in a vault, controlled by the tenant.

No money changes hands.

So, the tenant can’t activate the contract because the landlord controls it and the landlord can’t activate the contract because the tenant controls a doc that negates it.

Once the NOD arrives, tenant and landlord negotiate a price for pulling out that lease …

Tenant pays the landlord. Landlord produces the lease. Tenant hands over the negation doc to the landlord who shreds it.

Plan ahead !

[scaredyclassic]

$100 month plus tenant promises to do upkeep.

[scaredyclassic]

$100 month plus tenant promises to do upkeep.

[scaredyclassic]

$100 month plus tenant promises to do upkeep.

[scaredyclassic]

$100 month plus tenant promises to do upkeep.

[scaredyclassic]

$100 month plus tenant promises to do upkeep.

[Author]

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