Category: Your Practice

Form-of-the-Week: Partial payment agreement — Forms 558 and 559

Commercial landlords and tenants agreeing to partial payments use RPI Form 558, and residential landlords and tenants use RPI Form 559. The forms commit to writing the portion of remaining delinquent rent the tenant owes the landlord, the date the balance is due, and when not paid by the due date, what action the landlord may take to enforce payment.

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Referral fees to transaction agents from third-party providers prohibited

Learn to identify impermissible fees for your referral of a transaction participant to a third-party provider as a duplicate charge and a prohibited kickback and establish broker-owned services and refer clients to use them to capture legally entitled profit from transactional services otherwise received by third-party providers.

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