Just for you--special offers... Need a lease for your rental property? We recommend that you speak with Gary Timpe or Mark Cannon at Timpe Legal Services. Polaris and Timpe have worked together for the past 5 years, and over that time, they have developed a lease that we encourage our landlord’s to use. By using a uniform lease such as the lease that Timpe Legal has developed, we (as property managers) are able to streamline our services and act more efficiently on your behalf. Because of Polaris' relationship with Timpe Legal, they have agreed to offer this lease template to you at about 50% of their normal charges. As part of your agreement with Polaris, you are not obligated to purchase this lease; however, we encourage the use of this particular document for the reasons mentioned above. Gary M. Timpe, Attorney-CPA
4212 W. 71st St. Suite C
Indianapolis, IN 46268
www.timpecpa.com & www.timpelaw.com
317-217-1660, Fax:317-217-1653
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Closing or Settlement >Real Estate Repairs
In most real estate transactions there are a few responsibilities that the sellers need to handle before the closing, such as repairs and termite extermination. The deadline for completing these obligations usually coincides with the actual closing. Many sellers barely make that deadline. Those who wait until the last minute to handle these matters may miss the deadline altogether or pay high rates in order to get a plumber, roofer or electrician on an emergency basis.
Your buyers will probably get a structural inspection done after the contract is ratified. Within 10 days of the contract's acceptance by all parties, the pest inspection should be scheduled. Even though sellers usually know well in advance what is needed, they sometimes put things off until the buyers have finalized the loan approval process. Since these repairs will have to be made anyway, it is a good idea to get them done promptly.
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What document must lenders provide within three days of receiving your application for financing?
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| A |
The "Truth In Lending Disclosure Statement" will give you complete financial information about the loan. |
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