Posts Tagged ‘Residential Lease’
Using Letters Of Intent In Real Estate Transactions
Question: We want to rent a 7,000-square-foot home in Paradise Valley for two years for $12,000 a month. The owners live in Boston, and their attorney has drafted a letter of intent (“LOI”), which has been signed by the owners and forwarded to our rental agent for us to sign. Our rental agent says that…
Read More‘Voluntarily’ Paying More for Security Deposit
Question: My mother lives in Indiana, and wants to rent a Scottsdale vacation rental from November 15 to April 15 for $6,000 per month. The property manager, however, is demanding payment from her of the entire $30,000 rent on the move-in date of November 15, plus a $5,000 security deposit. I am a licensed real…
Read MoreWhat To Do If Rental Damaged In Storm
Question: We have been renting a home in Surprise. Due to damage from a severe monsoon storm ten days ago, we have not been able to get back into the home. The landlord says that we may not be able to get back into the home for another three months. We are currently staying in…
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