florida residential lease agreement 2017
florida residential lease agreement 2017
Get

florida residential lease agreement 2017

Get Printable Form

Video instructions and help with filling out and completing florida residential lease agreement 2017

Instructions and Help about florida residential lease agreement 2017

Hi everyone this is Peter Harris from commercial property advisors comm and co-author of this book commercial real estate investing for dummies as well as coach and mentor to many commercial investors all across America the subject and title of today's video is called the master lease agreement for commercial real estate so let's get started the master lease agreement is probably my one of my most favorite ways to buy commercial real estate especially if you have no experience you have no credit you have a very small down payment but most of all you don't want to do banks and it works with apartments with office buildings with with strip centers with mobile home parks it was sub storage so pretty much anything commercial where is income involved the master lease agreement will most likely work one of the most famous master lease deals you ever come across is New York's Empire State Building now that building that particular building has a current master leases over a hundred years old and here's how it happened the original owner sold it to Prudential Insurance Company person came along in 1961 and offered Prudential a one hundred and fourteen year master lease agreement where they will pay Prudential two million dollars per year back then else a lot of money so Prudential signed off on it and they went into agreement with this new investor fast forward till today the payments are still two million dollars but the income is six million dollars so do the math six million dollars in income every year with two million dollars in payments that's a four million dollar profit per year so that is still ongoing today all right so that's probably the most famous mass release agreement deal you're probably ever going to hear us all right and I know what you're thinking you're thinking Peter I can't myself put a national base on a building that size and you probably right but what's stopping you from using the mass release on your first 12 unit apartment building or a small strip center or even a mobile home park or how about my produce a joke who use a mass release to secure his first deal which was a 168 unit apartment deal and I'll get to that shortly so here's how the mass lease agreement works you would buy the property from the owner and with a small or zero down payment and at closing what you would get is what we call equitable title not legal title equitable title which entitles you to all the cash flow all the tax benefits you have to take care to day-to-day operations of the property and pay all the bills and the best part is when you sell the property you get all the profits at the set price so basically when you set the terms well basically the terms of the mass release are are set in stone so whatever value

FAQ

Is it possible to get out of a Residential Lease that I signed 4 months ago for a one year agreement?
I am a landlord and also a licensed broker. Aside from simply trying to negotiate with the landlord to break your lease early, there's nothing you can legally do to break it and not be on the hook for the remainder of the lease term. HOWEVER, if you abandon the premises, the landlord has a legal obligation to make his/her "best effort" to re-rent the property out. If the landlord finds a new tenant, then you are off the hook from that point on. Any months during the lease where rent was not paid and the landlord didn't have a new tenant in place, you'll be on the hook for. If you choose not to pay those amounts, the landlord can pursue civil action against you to recover them.Whether your landlord will actually follow the law and make a reasonable effort to re-rent the property out really is determined by whether you were paying above/below market rate for the place, and/or how easy it will be for the landlord to come after you to recover that money.The one thing the landlord can not legally do is collect double rents (i.e from you and a new tenant).
How long can a residential lease agreement be?
How long can a residential lease agreement be?For Colorado, United States:Colorado has no laws in place that requires a minimum or maximum term. Your state and locality may have laws that address lease terms, so make sure you check on local law.For practical purposes, if residential real estate is leased to a real person, the term of the lease would be limited only by the life of the person. Beyond the end of a person’s life, the lease would be unenforceable against the decedent unless there are specific terms that addresses the person’s estate’s responsibility to fulfill the terms of the lease.
What is the difference between the Residential Tenancy Agreement and the Agreement to Lease in Ontario?
There’s a few different ways to look at this, depending on your context, but I’ll try to keep this simple and short.A Residential Tenancy Agreement is a legal contract between a landlord and a tenant for a residential unit. It’s a standardized form produced by the Ontario government and as of April 30th, 2018 it is the required form for all residential leases signed on or after that date. It is explicitly governed by the Residential Tenancies Act (2006), the law that covers residential rentals in Ontario.An “agreement to lease” is not specific legally defined form. In most cases, it likely just refers to an older form that was used for many residential leases, produced by the Ontario Real Estate Association. Many (possibly most) residential leases signed in Ontario in the last 20 or so year, but before April 20th, 2018, were done using this form.However, it’s worth noting that the term an “agreement to lease” has also been used for pre-lease forms (basically an application) as well as for commercial, industrial, machinery and many other leases.
How can I get out of my residential lease?
By removing the landlord's reason for objecting to it. Most landlords aren't interested in a tenant's life circumstances or their complaints about the apartment, they simply want the rent paid by a responsible tenant. Use Craigslist or other local advertisement to find a qualified replacement tenant who is willing to take over your lease or, preferably, to sign a new lease with the landlord. Once you've found someone, then contact the landlord and request consent to assign your lease to this new party or, preferably, to terminate your lease without penalty subject to acceptance of your replacement tenant. That's how to get out of a residential lease.
If you have a year to year residential lease agreement but the end date is the same as the move in date, is the lease still valid?
How do you know you have a year-to-year lease if the end date is the same as the move-in date?It’s tempting, of course, to say that the end date is just a typo—the landlord meant 2019 rather than 2018. Whoops, just hit an “8” rather than a “9.”But that’s not how leases are written. A year-to-year residential lease would run April 1, 2019, to May 31, 2020. Or January 1 to December 31. Or October 1 to September 30. You’d never write a lease January 1 to January 1 or June 1 to June 1.Further, most leases specify a total amount due. For example, if the tenant is supposed to pay $1,000 a month, the lease would say that the tenant was responsible for $12,000, payable at a rate of $1,000 monthly. If the tenant has agreed to pay $12,000 in monthly chunks of $1,000, any reasonable person (as in a judge) would interpret the document as a year-to-year lease.For more information, please see a lawyer.
What happens if my landlord did not send me a renewal lease to sign like they usually do? Can I get my first, last & security deposits back now that there's no more lease agreement, or do I get it when I am ready to move out(I live in Florida)?
There may be local law which dictates what happens but normally once a lease has ended and neither party has made a change the term of the rental continues on a month to month basis. You need to read your lease agreement as the original lease may have automatically extended for another lease period (probably one year). As you are continuing to rent, you would not get deposits back until (typically) after up to one month after you have vacated, having fulfilled your rental period after given your required notice.
Get Printable Form