What if the Tenant-Buyer Doesn’t Pay?

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This is not likely because we’ve screened the Tenant-Buyer and know they are responsible and can afford the rent.  However, it is a risk so we set up auto-draft payments so everyone knows that payments are made on time and gets a receipt.  The Lease Agreement addresses the specifics of Tenant default and outlines the protections of the Seller.

This post was written by

Chad Corbett – who has written posts on www.REsolutionsVA.com.
Chad Corbett is a REALTOR, an Investor and a Consultant offering a variety of creative solutions and "outside of the box" services to both Buyers and Sellers. In addition to owning REsolutions Real Estate Services as an Investor, Chad owns Portfolio Properties Real Estate as a REALTOR. For somewhat-conventional real estate guidance focusing on Luxury Homes, Commercial Assets and Investment Properties throughout the country visit www.PortfolioPropertiesRE.com.

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