Many people are considering taking advantage of the current economy and get rental property loans. One can get rental property loans from one's local bank.
You need to review your contract to determine if you can end the agreement.
Good components of a rental property will include the location, possible rental income, future rental income, future sales, current valuation, aminities.
Under UCC laws the state in which the rental contract was signed.
Refer to the wording of the rental contract and what it specifies. There IS a contract, isn't there? If so, you can probably legally re-possess the machine for non-payment of the rental fee. If no contract, you may have to proceed a little differently and get a court order to retrieve your property.
Rental contracts are often drawn up when an owner of a property is going to rent/lease out the property to another individual. To find some free printable template rental contracts go to http://www.totalrealestatesolutions.com/realestateforms/html/RentalContract.html
A rental agreement can be used to rent tangible property owned by another.
where can i find a rental contract for a reception venue?
There are a number of reputable insurance providers that offer rental property insurance. Check with your current insurance provider and see if they offer renter's insurance. http://www.landlordinsurance.net/
***MORE INFO*** We received a rental agreement to sign, for a 1 week vacation rental property. In the contract, it states that if damage is done to the rental property and we do not pay for it, the owner has the right to place a lien on our permanent residence. Both properties are in Maryland. Is this even possible? Should we sign it?
If the rental property is residential rental property, depreciate over 27.5 years. If this is non-residential rental property, depreciate over 39 years.
No, The lease that is in place when the property ownership changes hands stays for its time period. all conditions and terms do not change