ft Editorial Staff | firsttuesday Journal

Further Encumbrance Notes — RPI Form 410

Posted by ft Editorial Staff | Dec 21, 2023 | Forms |

Download the Form This form is used by a prospective junior lender or carryback seller when the real estate is encumbered by an existing first mortgage containing a due-on clause, to obtain consent from the lender holding the...

Form-of-the-Week: All-Inclusive Trust Deed (AITD), AITD Addendum with Equity Payoff and AITD Addendum with Full Payoff – Forms 421, 442 and 443

Posted by ft Editorial Staff | Dec 14, 2023 | Forms, Real Estate |

Using an AITD, a seller carries back a note which includes the principal remaining on an existing mortgage and may demand different types of payoffs with the addenda.

Construction Concepts

Posted by ft Editorial Staff | Dec 11, 2023 | Feature Articles, Real Estate, Video |

Covers: Fundamentals of the construction process; A property’s orientation as the key determinant to sun exposure; Allocation and arrangement of internal floor space; Construction terminology.

Rental and Lease Agreement Addenda

Posted by ft Editorial Staff | Dec 1, 2023 | Feature Articles, Real Estate, Video |

Covers: Use of an addenda to add further provisions to a rental or lease agreement not included in the boilerplate provisions of the pre-printed form; Pet addendum; Non-smoking addendum; Standard Option to Purchase – Irrevocable Right-to-Buy.