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Real Estate News Releases
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(EMAILWIRE.COM, May 13, 2007 ) Let's "clean up" a common misconception, a lease and a rental agreement are interchangeable terms. They basically mean the same thing. Some people a rental agreement to a "month to month" rental, designating a lease for a longer rental terms. More accurately, the correct legal term for a property rental document is a "lease."A lease is simply a contract purchasing the rights to use and occupy property for a specific period of time. The basic points of a Lease are:1. Parties.2. Consideration (the amount paid, or to be paid for the use of the property by tenant) 3. Promise by owner to let the tenant use and occupy the property. 4. Term (Period of time tenant has to occupy and use the property) 5. Legal Description of the property, and 6. Execution. Leases are bilateral agreements; both the Landlord and the Tenant are making promises to each other. Most of the wording in a lease defines and limits the tenant¡¦s rights of use, and responsibilities and obligations concerning the property.You can get free real estate forms on the www.DetroitInvestmentHomes.com go to low right hand Connor click on blue button labeled Insiders club, jointing the Insiders club is Free. As a member of the Insiders Club, you get the following free:1. Reverse Prospecting -2. Investment Analyzer- tool to figures estimate return on investment3. Free Real Estate Forms ¡V free residential rental agreement 16 more forms:Complaint for Possession After Land Contract Forfeiture Complaint Non-Payment of Rent Complaint Termination of Tenancy Demand for Possession Non-Payment of Rent Forfeiture Notice Land Contract HUD QA ON LEAD BASE PAINT DISCLOSURE Judgment Landlord Tenant Judgment of Possession After Land Contract ForfeitureLEAD PAMPHLET Notice to Quit Termination of Tenancy Rehab Checklist Summons Landlord Tenant Land Contract GUARANTEE OF LEASE LESSOR'S LEAD DISCLOSURE LESSOR'S LEAD DISCLOSURE - SPANISH RESIDENTIAL RENT AGREEMENT SMOKE DETECTOR NOTICE UNPAID RENT AGREEMENTNOTE: DO NOT USE FORMS WITHOUT FIRST CONSULTING A ATTORNEY FOR REVIEW- USE FORMS AT YOU OWN RISK 4. Special Reports and list of foreclosure properties5. Available Properties not on the MLS: Check out Michigan's largest inventory of investor properties! For Sale by Owner (FISBO) LISTINGS ---Search for specific properties. THE SITE ALSO ALLOWS BUYERS TO SEARCH MLS, Property Listings.6. Pre-Foreclosure Lists: Get the latest pre-foreclosure lists for Wayne County, Oakland County and Macomb County!7. Class and Seminar Schedule: Take a look at our schedule of classes, taught by seasoned real estate professionals with real-life experience.8. Mark's Corner: This regular newsletter is filled with practical real estate investing experience.9. ...and MoreMany time in real estate investing you hear words like forbearance agreement, short sale, fisbo, lease option, pre-foreclosure, foreclosure, the club has section to look up the meaning or any real estate term someone does not know. Or if you need look of meaning of any of words in this press release wikipedia is great source http://en.wikipedia.org Web site services great Detroit area: Wayne County, Oakland County, Macomb County, and Washtenaw County -- Web Site is http://DetroitInvestmentHomes.com
Detroit Investment Homes
National Real Estate Network
mmaupin@donaterealestate.com
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