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The entity disposing, conveying, and selling the assets is referred to as the seller or vendor. [3] A PSA sets out the various rights and obligations of both the buyer and seller, and might also require other documents be executed and recorded in the public records, such as an assignment, deed of trust, or farmout agreement. [4]
Combines elements of a traditional rental agreement with an exclusive right of first refusal option for later purchase on the home. It is a shortened name for Lease with Option to Purchase Contract. The lease purchase agreement expounds upon what responsibilities the tenant/buyer and landlord/seller undertake during the course of the lease.
The option gives the tenant the right (but not the obligation) to purchase the property at a later date. The lease option only binds the seller to sell, it does not bind the buyer to buy. That makes it a "unilateral" or one-way agreement. In contrast, a lease-purchase is a bilateral, or two-way, agreement. The basic elements of a lease-option ...
The Northlake Promenade Apartments would be the second-tallest building in Lake Park, behind only the Nautilus 220 condominiums along U.S. 1. How north county is growing: Seven-story apartment ...
The 16-story building with an attached low-rise building were planned to have 212 apartments. The apartments ranged in size from one bedroom to three-bedroom units with the smallest apartments having 650 square feet (60 m 2) and the largest units with 3,800 square feet (350 m 2). The name of the apartment complex is Towerview at Ballantyne.
After purchasing an asset, the owner enters a long-term agreement by which the property is leased back to the seller at an agreed rate. One reason for a leaseback is to transfer ownership to a holding company while keeping proper track of the ongoing worth and profitability of the asset. Another reason is for the seller to raise money by ...
Promenade Towers is a high-rise apartment complex in Bunker Hill, Los Angeles, California, U.S.. Developed by three Holocaust survivors, it was designed in the modernist architectural style , with palm trees and exotic plants between the towers, and completed in 1985.
The original park lodge has been converted into Maldon Museum. [4] Maldon Marine Lake was created in 1905, and greatly added to the attraction of the area as a location for outdoor swimming. In 2002, there was a fatality at the lake, and unable to afford lifeguards, the district council banned swimming. [ 5 ]
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