By “waiver of rights”, are you talking about the tenant trying to make the argument that they have an equitable interest in the property that requires a foreclosure action instead of an eviction?
If so, you might find it helpful to make sure you use separate contracts for the lease and the option to purchase. Do not have any reference to the option to purchase in the lease agreement. In the option agreement, make sure that you have language to the effect that a default under the lease terminates the option as well.
As always, it pays to get a competent attorney to fine tune your contracts at the outset to minimize this risk.
The Best L/O course for a beginner? - Posted by StAugustineFL
Posted by StAugustineFL on February 13, 2002 at 22:16:12:
I am seeking advice/opinions on the best L/O course for someone who is a rookie. I am not looking for advanced techniques nor uncommon scenarios. I just want the basics on common situations and proper marketing techniques to find these properties. It would help if the course included agreements, contracts, marketing ideas, etc. Thank you.