Category: Recessions

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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Letter to the Editor: Why does firsttuesday report availability and ASAP delivery of the TDS by a seller broker?

Delivery of property disclosures to buyers is legislated to occur “as soon as practicable” (ASAP) on inquiry from a prospective buyer, well before a purchase agreement setting a price is entered into.

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