Promissory notes can be helpful in so many different situations, but what exactly are they and what do you need to look our for when dealing with them? In it’s simplest terms, a promissory note is an IOU. It includes the terms of the agreement, specifically the amount owed, how and when it is to be repaid, and default terms. If you’ve ever …
Terminating Leases Early
Common questions that arise when clients inherit or purchase rental properties/commercial real estate often center around the leases associated with the property. I came across one such question the other day that had to do with a client who had inherited an apartment complex and wanted to terminate the leases as quickly as possible in order to sell the property …
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