Maintenance & Repair Clause in L/O Contract - Posted by MaryWI

import · January 14, 2003, 6:17pm

Posted by sam on January 19, 2003 at 16:47:13:

Mary depending on the house I have them respocible fr the first $300.00 to $500.00 of each repair.

import · January 14, 2003, 6:17pm

Posted by MaryWI on January 14, 2003 at 19:17:03:

I’m putting together a lease option contract between the prospective landlord/seller and myself the tenant/buyer. I’m trying to come up with the correct wording for the maintenance/repair clause in the contract. I’m reading the book by David Finkel and Peter Conti “Making Big Money Investing in Real Estate”. They suggest that the tenant/buyer be responsible for the first $200.00 in repairs each month. The landlord/seller would be responsible for any amount over $200.00.

I appreciate any help that you may give. Thanks in advance.
Mary(WI)

import · January 20, 2003, 12:03pm

I overlap. T/B = first $300; Seller > $200. NTXT - Posted by Brent_IL

Posted by Brent_IL on January 20, 2003 at 13:03:53:

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