 Lease Purchase Contracts And Forms 150

o Telephone Prospecting Outline 151

o Lease Purchase Property Research Form 153
o Tenant/Buyer Evaluation Form 155
o Finance Summary 158
o Assignment of Agreement
o Residential Lease Purchase Agreement
o Addendum

Telephone Prospecting Outline

1. Hello, may name is __________. Could you tell me if the property is still available?
HOME INFORMATION
2. Please tell me about the property.
A) Size and square footage of the home?
B) What is the layout (split, 2-story, ranch, etc.)?
C) How old is the home?
D) What about the lot size?
E) Does it have a garage?
F) How many rooms?
G) How many baths?
H) Are there any features that you consider special?
I) Are any furniture or appliances included?
J) Has anything recently been replaced?
K) It sounds like you have a nice home. I was wondering why you are selling?
PRICING INFORMATION
3. Have you owned the property long?
A) What price are you asking for your home?
B) Would you mind telling me how you arrived at that price?
C) Do you know what the comps in the area are?
D) About how long has your home been for sale?
E) Have you had any offers on the property?
F) Why do you think the property hasn't sold?
FINANCING INFORMATION
4. Can you tell me about the existing financing.
A) What existing mortgages or financing is on the property now?
B) What are the terms: interest rate, monthly payments?
C) Is it assumable?
D) What did you originally pay for the house?
E) If you don't mind my asking, are the payments current?
F) Is there any pending or existing litigation on the property?
G) Are there any specific CC&Rs (covenants, conditions and rules), on the property?
(If the homeowner is hesitant to talk about the financing, tell him/her you are an investor
and that you are looking for the best way to buy his/her home at the asking price)
7. Would you be interested if I told you there was a way you could get the top sales price
in your market area, not have to pay realtor commissions, save on the closing costs, and
get a tenant who not only gives you a percentage of the purchase price up front in non-
refundable option money, but pays on time and takes care of the maintenance, and do all
this in possibly 30 days or less?

8. If yes, explain lease purchase programs: assignment, co-op, consulting, etc.

9. Go into lease purchase benefits (see benefit sheet).
10. Start exploring lease purchase terms the homeowner would be agreeable to.
11. (IF YES) Then if we can do all this for you, can we do business?
12. (IF YES) Set Appointment and say "I'll bring a contract with me so we can get
started, Is that agreeable with you?"

Lease Purchase Property Research Form

Contact Information
Name
_______________________________________________________________________
_____
Home Phone ________________________________ Work Phone
__________________________
Property Address
__________________________________________________________________
City _____________________________________ State ___________________ Zip
____________
Owner's Address if different
_________________________________________________________
_______________________________________________________________________
________________________________
Location/Directions
________________________________________________________________
_______________________________________________________________________
________________________________
HOME INFORMATION
A) Size and square footage of the home?
______________________________________________
B) What is the layout (split, 2-story, ranch, etc.)?
_______________________________________
C) How old is the home?
____________________________________________________________
D) What about the lot size?
__________________________________________________________
E) Does it have a garage?
___________________________________________________________
F) How many rooms?
_______________________________________________________________
G) How many baths?
_______________________________________________________________
H) Are there any features that you consider special?
____________________________________
I) Are any furniture or appliances included?
___________________________________________
J) Has anything recently been replaced?
______________________________________________
K) It sounds like you have a nice home. I was wondering why you are selling?
_____________
_______________________________________________________________________
________________________________
PRICING INFORMATION
Have you owned the property long?
__________________________________________________
A) What price are you asking for your home?
__________________________________________
B) Would you mind telling me how you arrived at that price?
____________________________
C) Do you know what the comps in the area are?
_______________________________________
D) About how long has your home been for sale?
_______________________________________
E) Have you had any offers on the property?
___________________________________________
F) Why do you think the property hasn't sold?
_________________________________________
G) Are you negotiable on the price?
__________________________________________________
FINANCING INFORMATION
A) What existing mortgages or financing is on the property now?
_________________________
_______________________________________________________________________
________________________________
B) Are there any second mortgages or home equity loans on the property?
_________________
_______________________________________________________________________
________________________________
C) What are the terms: interest rate, monthly payments?
_______________________________
_______________________________________________________________________
_________________________________
D) Is it assumable?
_________________________________________________________________
E) What did you originally pay for the house?
__________________________________________
F) If you don't mind my asking, are the payments current?
______________________________
G) Is there any pending or existing litigation on the property?
___________________________
_______________________________________________________________________
________________________________
Good
Follow-up
Rejected

H) Are there any specific CC&Rs (covenants, conditions and rules), on the property?
________
_______________________________________________________________________
________________________________
TERMS
Terms Seller is Offering
____________________________________________________________
Monthly Payment Needed _________________________ Amount Down Needed
_____________
Monthly Amount Credited to Purchase ________________ Length of LP Term
_____________
Notes
_______________________________________________________________________
_____
_______________________________________________________________________
___________

Tenant/Buyer Evaluation Form

Application Fee __________
Date __________ SS# _______________ DOB __________
Driver's Lic # ____________
Name __________________________________________________________________
Present Address ________________________________________________________
City ___________________________ State ________________ Zip ________
Telephone Numbers:
Home _______________ Work ______________ Best Time To Call __________
Cellular ______________ Fax ________________ Pager __________________
Employer/Name Of Company ____________________________________________
Position _____________________ Date Of Employment ________________
Annual Income _____________________
Spouse's Name _________________________________________________________
Spouse's SS# ______________________________ DOB ___________________
Spouse's Employer ________________________________________________
Annual Income ___________
How Long At Present Address? _________ Landlord ___________________ Telephone
_______________
Previous Address? ______________________________________________________
How Long? ________ Landlord ________________ Telephone _________________
Type Of Home / Features Desired:
Single Family __________ Townhouse __________ Condo __________
Bedrooms __________ Bathrooms __________ Square Footage __________

Preferred Areas (List In Order Of Your Preference)

_______________ _______________ _______________ _______________
Date You Are Able To Move In _______________ How Long Have You Been Looking
__________________ Number Of Adults __________ Number Of Children __________
Pets & Type ___________________

What Is The Maximum Monthly Rent You Could Pay, While Still Remaining In Your
Comfort Zone? _____________
What Is Your Present Monthly Rent? __________________________
What Is The Most Option Consideration You Are Prepared To Pay?
___________________________________
Additional Amenities:
Pool _____ Spa _____ Air Conditioning _____ Yard _____ Number Of Car Garage
_____ Storage _____ Central Location _____ Tennis _____
Golf _____ Other _________________________
Financial Information:
Do You Have Any Credit Problems? ______________________________________
_______________________________________________________________________
___________________
Have You Ever Filed A Petition For Bankruptcy? ____________________ If So, When
_____________
Have You Ever Been Evicted From An Tenancy? ____________________ If So, When
_____________
Have You Ever Willfully And Intentionally Refused To Pay Any Rent When Due? If So,
When _____________
What Is Your Present Credit Rating? Excellent _____ Good _____ Fair _____ Poor
_____ Unsure _____
Credit References Limit Balance
_______________________________ _______________ __________________
_______________________________ _______________ __________________
_______________________________ _______________ __________________
_______________________________ _______________ __________________
Monthly Obligations:
Auto Payments __________ Rent __________ Utilities _________ Telephone
__________ Insurance __________ Credit Cards __________ Child Support
__________ Alimony __________ Mortgages __________ Loans __________ Other
__________________________________________

Additional Notes:
I declare that the foregoing information is true and correct. I authorize its verification and
the obtaining of consumer credit report.
All information contained is strictly confidential, and is for the sole purpose of
determining how our program would best be suited for your present financial needs and
future goals.
Signature of applicant ____________________________________________
Date ___________________
Signature of spouse _____________________________________________
Date ___________________

Finance Summary
PROPERTY ADDRESS:_________________________________________________
TENANT(S)/OPTIONEE(S):_____________________________________________
PHONE:_________________________________________
The following is a breakdown of money necessary to be paid by CASH, MONEY
ORDER, OR CERTIFIED BANK CHECK on the premises before taking occupancy:
CONSULTATION FEE $______________
FIRST MONTH'S RENT $______________
OPTION MONEY $______________
DEPOSIT $______________
CREDIT CHECK $______________
TOTAL MOVE-IN COST $______________
PAID TO DATE $______________
BALANCE DUE BEFORE MOVE-IN ====> ____________________________
THE UNDERSIGNED HEREBY ACKNOWLEDGES THAT THIS DEPOSIT AND
ALL MONEY PAID HEREUNDER IS NON REFUNDABLE AND SHALL BE KEPT
AS LIQUIDATED DAMAGES TO COVER PROCESSING CHARGES, ADDITIONAL
ADVERTISING AND LOST OPPORTUNITIES IN TENANT'S FAILURE TO
TENDER ALL FUNDS NECESSARY TO LEASE PURCHASE THE PREMISES NO
LATER THAN
___________________, 20 ____, FOR ANY REASON OTHER THAN THE
REJECTION OF THE TENANT'S APPLICATION BY LESSOR.
____________________________________ ______________________________
TENANT/OPTIONEE/ASSIGNEE DATE
____________________________________ ______________________________
TENANT/OPTIONEE/ASSIGNEE DATE
___________________________________ ______________________________
LESSOR/ASSIGNOR DATE

Assignment of Agreement
___________________________________ (hereinafter "Assignor"), the Buyer/Tenant
under an agreement dated ___________, 20___ (hereinafter "Agreement") by and
between Assignor and _______________________________________ (hereinafter
"Landlord/Seller"), hereby assigns all right, title and interest in said agreement
to________________________________________ (hereinafter "Assignee") for the sum
and consideration of $__________________ received by Assignor.
Consideration to be credited to purchase price upon exercise of option.

Assignee agrees to perform all covenants, conditions and obligations required by

Assignor under said Agreement and agrees to defend, indemnify and hold Assignor
harmless from any liability or obligation under said Agreement. Assignee further agrees
to hold Assignor harmless from any deficiency or defect in the legality or enforceability
of the terms of said agreement.
Dated this _____ day of _____________, 20_____
____________________________________ ______________________________
Assignor Assignee
____________________________________ ______________________________
Assignor Assignee
I hereby accept and approve the terms of this assignment and agree to hold Assignor
harmless from any further liability or obligation under our Agreement.
_______________________________________ _____________________________
Landlord/Seller Date
_______________________________________ ______________________________
Landlord/Seller Date

Residential Lease Purchase Agreement

This agreement dated ____________________________________________________ is
by and between LANDLORD/SELLER ___________________________________
AND TENANT/BUYER __________________________________________________
for the dwelling located at ________________________________________________
_______________________________________________________________________
_____________
under the following terms and conditions:
1. Term: Tenant/Buyer agrees to lease this dwelling for a fixed term of _____________
months, beginning _____________________ and ending _________________.
Thereafter, this agreement shall become a month to month agreement ONLY if
Landlord/Seller accepts rent from Tenant/Buyer.
2. Rent: Rent for the premises is payable in monthly installments of
$_________________, to be paid on or before the first of the month for which rent is
due. Rent must be received on or before the first of the month to receive rent credit. There
is no grace period.
3. Late Fees: Rent may be mailed through the United States Postal Service at
Tenant/Buyer's risk. Any rents late or lost in the mail will be treated as if unpaid until
received by the Landlord/Seller. Tenant/Buyer further agrees to pay a late charge of
$___________, plus $__________ per day for each day the entire rent is not received by
the Landlord/Seller by the first of the month regardless of cause, including dishonored
checks, time being of the essence.
4. Returned Checks: An additional service charge of $___________ will be paid to the
Landlord/Seller for all dishonored checks, in such case, Landlord/Seller shall have the
right to demand cash or money orders on all future payments.
5. Deposits: Landlord/Seller acknowledges receipt of $____________________ as a
deposit to indemnify Landlord/Seller against damage to the property and for
Tenant/Buyer's fulfillment of the conditions of this agreement. Landlord/Seller may
withhold from these deposit(s) any reasonable sum necessary to cover Tenant/Buyer
defaults and/or damage.
6. Utilities/Services: Tenant/Buyer will be responsible for payment of all utilities,
garbage, water and sewerage charges, telephone, gas, association fees or other bills
incurred during the term of this lease.
7. Occupants and Use: Tenant/Buyer agrees to use said dwelling as living quarters only
for _____ adults and _______ children, namely:
_________________________________________. The property shall be used and is
designated as a residential dwelling.

Initials __________

8. Peace and Quiet and Lawful Use: All radios, television sets, phonographs, stereos, etc.,
must be kept to a level of sound that does not annoy, or interfere with neighbors.
Tenant/Buyer shall be responsible and liable for the conduct of his or her guests.
Tenant/Buyer agrees they will not engage in any illegal activities on the property, and will
try to keep their guests from doing so.
9. Pets: Tenant/Buyer May ____ May Not ____ house any commonly considered
domestic pet without first obtaining the Landlord/Seller's written permission.
10. Liquid-Filled Furniture: Tenant/Buyer may not keep any liquid-filled furniture in this
dwelling without Landlord/Seller's written permission.
11. Appliances: The appliances in the dwelling such as a stove, refrigerator, dishwasher,
clothes washer/dryer, microwave, garbage compactor or disposal, or water softener are
the Tenant/Buyer's responsibility. If Tenant/Buyer wishes to use these appliances he/she
agree to assume all responsibility for repair and maintenance.
12. Pest Control: Pest control is the responsibility of the Tenant/Buyer.
13. Locks/Lockouts: Tenant/Buyer agrees that they will not change the locks on any door
or mailbox without first obtaining written permission from the Landlord/Seller. In the
event of a lockout or lost keys Tenant/Buyer is responsible for all costs incurred.
14. Tenant/Buyer Inspection: Tenant/Buyer has inspected the dwelling and its contents
and agree that they are in satisfactory order, and accept the premises in as is condition.
15. Notification of Serious Building Problems: Tenant/Buyer agrees to notify the
Landlord/Seller upon first discovery of any serious building problems.
16. Repairs: Tenant/Buyer shall be responsible for all repairs, maintenance, costs, service
charges, not considered capital repairs. Tenant/Buyer shall take an active role to insure
that the property stays in excellent condition.
17. Damage: Tenant/Buyer agrees to pay for repairs of all damage which they or their
guests have caused to the dwelling.
18. Maintenance/Repairs: Tenant/Buyer shall maintain the property in a clean and
sanitary manner, including all equipment, appliances, furniture and furnishings, if
provided, and shall surrender the same at the termination of the lease period in as good as
condition as received normal wear and tear accepted. Tenant/Buyer shall be responsible
for any and all damages caused by his/her negligence and that of his/her family, or
invitees or guests. Tenant/Buyer shall maintain any surrounding grounds including lawns,
and shrubbery, and keep the same clear of rubbish and weeds, if such grounds are part of
the property and are exclusively for the Tenant/Buyer's use. Tenant/Buyer shall also be
responsible for the maintenance of any pool and/or spa including all equipment and water
condition. Tenant/Buyer may at his/her option and expense contract these services
out.Initials __________

19. Alterations: Tenant/Buyer has the right to paint and decorate the property at his/her
discretion within tasteful guidelines. Any CC&R's take precedence. Tenant/Buyer will not
make any major and/or structural alterations to the property without prior written consent
of the Landlord/Seller. Tenant/Buyer is required to obtain all necessary permits, required
by law, before commencing improvements. Any work performed on the property, whether
by Tenant/Buyer or other parties shall be as an independent contractor or agent of the
Tenant/Buyer and not an employee or agent of the Landlord/Seller.
20. Improvements: Landlord/Seller further reserves the right to construct property
improvements above or below the ground anywhere on the premises, so long as they
conform to all building codes.
21. Emergency Access: Landlord/Seller has the right of emergency access to the property
at any time and access during reasonable hours to inspect the property or, at reasonable
times, to show the property to prospective tenants.
22. Vacating The Premises: The Tenant/Buyer will give Landlord/Seller written notice of
their intentions at least thirty (30) days prior to their vacating the premises, and an exact
date when they expect to be moved out completely.
23. Holding Over: Any holding over after the expiration of the term of this agreement,
with consent of the Landlord/Seller shall be construed as a month to month tenancy in
accordance with the terms hereof, as applicable.
24. Tenant's Purchase Option: In consideration of the Tenant/Buyer meeting all
obligations as stated herein, the Landlord/Seller hereby grants the Tenant/Buyer an option
to purchase under the following terms:
a) Commencing on ______________________________, the Tenant/Buyer shall have an
option to purchase the property located at ___________________________
_______________________________________________________________________
_____________
This option will expire without notice and shall be of no further effect if not exercised on
or before _________________________________.
b) The option price shall be $__________________________.
c) The Tenant/Buyer has paid the sum of $_________________ as non-refundable option
consideration which will be applied towards the purchase price of the property if, and
only if, the Tenant/Buyer exercises this option to purchase. In the event, the Tenant/Buyer
fails to exercise the option or defaults under any terms of this agreement this option will
be void and all monies will be retained by Landlord/Seller as liquidated damages and not
as a penalty.
d) At the time of exercise of this option, $________________________________ of each
monthly rent payment received on or before the first of the month will be applied as
additional option consideration to the purchase price if, and only if, the Tenant/Buyer
exercises the option to purchase. In the event that the Tenant/Buyer substantially defaults
on any payments or other obligations required under this Agreement, the purchase option
will be automatically void and any monies paid for rent or as option consideration will be
retained by the Landlord/Seller as liquidated damages and not as a penalty.

Initials __________

e) The Tenant/Buyer will surrender and deliver the property at the end of the term of this
option in the event the option is not exercised. The property should be delivered in as
good condition as when received except for reasonable wear and tear.
25. Exercise of Option: Notice must be delivered to the Landlord/Seller in writing of
Tenant/Buyer's intention to exercise this option at least Sixty (60) days prior to exercise.
Notice if mailed, shall be by certified mail, postage prepaid, to the Landlord/Seller's
address of record, and shall be deemed to have been given upon the day shown on the
postmark of the envelope in which such notice is mailed.
IF THE TENANT/BUYER DOES NOT EXERCISE THE OPTION, THERE WILL BE
NO REFUND OR CREDIT OF ANY MONTHLY RENTAL PAYMENTS OR OPTION
CONSIDERATION. Initial ________________________
26. Closing Costs:
(a) Real property taxes on the property and general and special assessments if any, for the
current fiscal year shall be prorated to the close of escrow and paid by the
Landlord/Seller.
(b) The "closing costs" shall be those costs incurred in conjunction with closing escrow
and shall be paid at the close of escrow as follows:
(1) All closing costs shall be paid by Tenant/Buyer.
27. Assignment: The original Tenant/Buyer may have the right to assign this Residential
Lease Purchase Agreement subject to the owners permission. Any other
person(s)/assignee wishing to assign this agreement must have the express written
permission of the owner. An assignment fee received by the original Tenant/Buyer May
_____ May Not _____ be credited to the Option Consideration.
28. Heirs, Assigns and Successors: This agreement shall include and insure to and bind
the heirs, executors, administrators, successors, and assigns of the respective parties
hereto.
29. Encumbrances: (a) The parties agree that neither will cause or permit any lien to
attach to or exist on or against the subject property, which shall or may be superior to the
rights of either party or to encumber the property in any manner without having obtained
the written consent of the other. (b) Prior to the exercise of the option, Landlord/Seller
reserves the right to change existing encumbrances on the property through refinance,
early payoff of the loan(s), or modification of existing loan(s) so long as said change
would not create an encumbrance exceeding the agreed upon value of the property; (c)
The Landlord/Seller upon payment of said purchase money, shall convey said property by
General Warranty Deed, free from all encumbrances except:
________________________________________
_______________________________________________________________________
_____________
and shall furnish a policy of title from a reputable title insurance company at his expense
so showing.

Initials __________

30. Insurance: Landlord/Seller have obtained insurance to cover fire damage to the
building itself and liability insurance to cover certain personal injuries occurring as a
result of property defect, or Landlord/Seller negligence. Landlord/Seller's insurance does
NOT cover Tenant/Buyer's possessions or Tenant/Buyer's negligence. Tenant/Buyer shall
obtain a renter's insurance policy to cover damage to or loss of their own possessions, as
well as losses resulting from their negligence. Tenant/Buyer agrees to show
Landlord/Sellers evidence of such policy within (1) month of this Agreement.
31. Damage by Fire: In the event that the property is damaged by fire and through no
fault of the Tenant/Buyer, and cannot be restored within a reasonable time in the opinion
of the Landlord/Seller, this agreement shall terminate with no further liability of any
party. Should fire or casualty damage have been caused by Tenant/Buyer's own action or
neglect, they shall not be relieved of the responsibility for payment of rent, and they shall
also bear the full responsibility for repair of the damage.
32. CC&R's: Tenant/Buyer acknowledges receipt of all pertinent rules and regulations
and CC&R's concerning this property.
33. Possession: Landlord/Seller shall endeavor to deliver possession to Tenant/Buyer by
the commencement date of this Agreement.
34. Default: The occurrence of the following shall constitute a material default and
Breach of Contract by Tenant/Buyer: Any failure by Tenant/Buyer to pay rent on time or
perform any provisions of this lease to be performed by Tenant/Buyer where such a
failure continues fifteen (15) days after written notice thereof by Landlord/Seller will
constitute a material breach of this contract and forfeit the option to purchase. In addition,
the term of this contract will immediately become month to month. In the event of any
such default by Tenant/Buyer, then in addition to any other remedies available to
Landlord/Seller at law or in equity, Landlord/Seller shall have the option to terminate this
lease and all rights hereunder by giving written notice of intention to terminate.
35. Process Serving: Every Tenant/Buyer who signs this Agreement agrees to be the
agent for any other Tenant/Buyers and occupants of this dwelling and is both authorized
and required to accept, on behalf of the other Tenant/Buyers and occupants, service of
summons and other notices relative to the tenancy.
36. Enforceability: Should any provision of this Agreement be found to be invalid or
unenforceable, the remainder of the Agreement shall not be affected thereby and each
term and provision herein shall be valid and enforceable to the fullest extent permitted by
law.
37. No Waiver: All rights given to Landlord/Seller by this agreement shall be cumulative
to any other laws which might exist or come into being. Any exercise or failure to
exercise by Landlord/Seller of any right shall not act as a waiver of any other rights. No
statement or promise of Landlord/Seller or his agent as to tenancy, repairs, alterations, or
other terms and conditions shall be binding unless reduced to writing and signed by
Landlord/Seller. Should either Landlord/Seller or Tenant/Buyer waive their rights to
enforce any breach of this agreement said waiver shall be considered temporary and not a
continuing waiver of any later breach.

Initials __________

38. Indemnification: Landlord/Seller shall not be liable for any damage or injury to
Tenant/Buyer or any other person, or to any property, occurring on the premises, or any
part thereof, or in common areas thereof, unless such damage is the approximate result of
the negligence or unlawful act of Landlord/Seller. Tenant/Buyer and Landlord/Seller shall
further indemnify and hold the preparer of this contract harmless from any and all claims
arising from this transaction.
39. Time: Time is of the essence in this Residential Lease Purchase Agreement.
40. References in Wording: Plural references made to the parties involved in this
Agreement may also be singular, and single references may be plural. These references
may also apply to Landlord/Seller's and Tenant/Buyer's heirs, executors, administrators,
or successors, as the case may be.
41. Attorney's Fees: The prevailing party shall be entitled to all costs incurred in
connection with any legal action brought by either party to enforce the terms hereof,
including reasonable attorney's fees.
42. Entire Agreement: This Agreement and any attached addendum constitute the entire
agreement between the parties and no oral statements shall be binding. It is the intention
of the parties herein that if any part of this Agreement is invalid for any reason such
invalidity shall not void the remainder of the agreement.
43. Preparer's Disclaimer: All of the undersigned parties or their assigns in this agreement
agree not to hold the preparer of this document liable for any errors, omissions, mistakes
or negligence.
44. Modification: Any modification of any portion of this agreement must be made in
writing and signed by both parties.
45. Financial Disclaimer: The purchase option is not contingent upon the Tenant/Buyer's
ability to obtain financing from a lender or any other reason, and the Landlord/Seller has
not made any representation or warranties as to financing. The Tenant/Buyer understands
that time is of the essence for this Agreement and that his/her failure to purchase the
property before the expiration of the option, for any reason, all monies paid by the
Tenant/Buyer will be retained by the Landlord/Seller. It is further agreed that this
Agreement is not an installment land contract, contract for deed, or equitable mortgage.
Initial _______________
46. Acknowledgment: The Tenant/Buyer hereby acknowledges that they have read this
Agreement, understand it, agree to it and have been given a copy. They further have been
advised to seek legal, tax and technical counsel concerning this contract prior to signing.
47. Breach Of Contract: If Landlord/Seller shall rent, accept an offer for sale or purchase,
cancel or in any way breach this agreement before the expiration of said agreement with
the original Tenant/Buyer, this contract shall revert to a consultation and a consultation
fee of $1,000.00 shall be immediately due and payable. Landlord/Seller also agrees that
Landlord/Seller is responsible for the reimbursement of any deposits or other monies
accepted from any prospective assignee. Additionally, the Landlord/Seller agrees to hold
the original Tenant/Buyer harmless from any further liability or obligation under this
agreement or from any cause of action brought by any party caused by the
Landlord/Sellers breach.
48. Misc.:
This agreement shall become void after 60 days if the original Tenant/Buyer has not
assigned this Agreement. The original Tenant/Buyer shall have the right to renew this
Agreement for an additional sixty (60) days if original Tenant/Buyer so chooses.
______________________________ ______________________________
Landlord/Seller Tenant/Buyer
______________________________ ______________________________
Landlord/Seller Tenant/Buyer
Date _________________________ Date _________________________

NOTES

NOTES