About
Deed Exchange's EPM - Occupancy
Leasing Multi-Family Residents:
(Apartment Units)
Tenant / Rental
• No Deeded Interest Ownership:
• Rental Requirements
Month-to-Month
Current rental rate
Deposit equal to the rental
rate plus $400.00.
Owner / Leasee
• Deeded Interest Ownership:
• Lease Requirements
1Year Lease Agreement
Minimum Deeds 15 as deposit,
free and clear.
The person (natural person) that has the most Deeded interest in
the property has the first right to occupy its choice of the units, only
one unit at a time. The unit cannot be re-rented or sub-rented or sub-leased
or any other thing, you must personally occupy that unit.
Let’s say you have 25 Deed interest in a property, and there
are no others that want to live in that unit, that has a larger Deeded
interest. You will have a one-year lease agreement for that unit, which
will be renewed each year, at the current rental rate. You qualified for
the lease on that unit with your 25 Deeds. Your 25 Deeds are placed as
deposit for the lease. All you pay is the lease amount to move in.
Let’s say, in 6 months someone has a 30 Deed interest in the
same property and wants to live in your unit.
They ask EPM to give you notice by placing their 30 Deeds on deposit
for the notice.
You have a remaining 6 months on your lease and you have 25 Deeds
as deposit, your notice will be 6 months plus your deposit (see sample
below).
Base Value = $200.00
Rental Amount = $750.00
6 months remaining lease
Base Value = $ 200.00
25 Deeds times the Base Value = $ 5,000
$ 5,000 divided by your rental amount = 7 months
Your notice would be 13 months from the date of notice. But it can
not be sooner then the end of your lease. Your deposit is not used to
pay the lease payments. It is used only to calculate the notice period.
NOTE: Financed Deeded interest cannot be used to calculating the
notice period.
Now, that gives you 13 months to purchase additional interests in
that property or trade or sell your Deeded interests for another property.
Once you have 31 Deeded ownership and have placed the additional Deeds
on deposit, the notice is cancelled. If that is before the end of your
lease, your lease will be renewed at the end of your lease period at the
current rental rate. If you placed the additional Deeds on deposit after
the lease has ended, in the notice period, a new lease agreement will
made with you at the current rental rate.
Now you have 31 Deeds on deposit. You only need to have the number
of Deeds on deposit that is required to qualify for the unit, or the right
to lease.
You may use financing to purchase additional Deeded interest, but Deeded
interest that are financed cannot be used for calculating the notice period.
The more Deeds on deposit the longer your notice period will be.
150 Deeds would be 40 months notice.
Terms of the Lease Agreement:
The Leasee will provide for all light maintenance and care of the
unit, as it is your home. The property will have a Warranty Program to
take care of the more costly small repairs and the EPM will take care
of major repairs, paid from the income of the property.
The Leasee will provide liability Insurance and Homeowners Insurance
for that unit. The Fire, Flood, Earthquake and additional liability insurance
paid from the income of the property.
Your lease payment is due and payable on the first day of each month
by 5 PM in the form of cash, by cashiers check, money order, direct deposit,
PayPal, ATM, or you may use other forms of cash payment, which is acceptable
with EPM. We will never accept personal checks.
If the lease payment is not received on the first day of the month
by 5 PM, there will be a 5% late fee added. If the lease payment is not
received by the 15 day of the month your Deeds will be sold to pay for
the lease amount, late fee, and cost of the sale of the Deeds and your
lease will be cancelled and you will receive a 30-day notice to move.
Your remaining Deeds on deposit will be held and used to pay for any and
all damages including rent and cost.
After inspection and any repairs have been completed, your remaining
Deeds will be returned. Deeds on deposit shall not be sold for more then
10% less then the Current Value.
If there is any intentional damages or vandalism your names will
be placed on the "No Lease List” in the database and you will
never be allowed to lease any property again.
At the end of each lease period, the new rental rate will apply
for the renewal of the lease.
With the Deed Exchange EPM you do not need to qualify to live in
a unit, just a simple verification of income.
Deed Exchange EPM makes multi-family residency easy and affordable.
There are no qualifying requirements or large deposits, just because you’re
a tenant, or any of the other requirements associated with traditional
apartment ownership and rentals.
Personal Check are not accepted at any time.
Business checks require approval.
Lease payments may be paid by, direct deposit, money orders, cashiers
check, and:
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