About
Deed Exchange's EPM - Occupancy
Leasing Commercial Business Property:
(Offices-Retail-Floors-Warehouses, etc.)
Tenant / Rental
• No Deeded Interest Ownership:
• Rental Requirements
Month-to-Month rental
Current rental rate
Deposit equal to the rental
rate plus (per unit or floor).
Owner / Leasee
• Deeded Interest Ownership:
• Lease Requirements
Lease Agreement
Minimum Deeds (per property
and unit) as deposit, free and clear
(no loans).
The Business (natural person or company or corporation) that has
the most Deed interest in the property has the first right to occupy its
choice of the units, which is per unit leased. That business (natural
person or company or corporation) shall occupy that unit, it cannot be
rented or sub-rented or sub-leased to another, and business must occupy
that unit.
Lets say you have 100 Deed interest in a property and you placing
25 Deeds as deposit on a unit, and there are no others that want to occupy
that unit that has a larger Deeded interest available for deposit.
You may have more then one unit, using 25 Deeds for one unit and
25 Deeds for another unit, etc.
Each unit is separately leased and must be qualified for by unit.
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 property and wants
to occupy your unit. They ask the 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.
Base Value = $450.00
Rental Amount = $1500.00
6 months remaining lease
Base Value = $450.00
25 Deeds times the Base Value = $11,250
$11,250 divided by your rental amount = 8 months
Your notice would be 14 months from the date of notice. But it cannot
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.
Now that gives you 14 months to purchase additional interests in
that property or trade or sell your Deeds for another property. Once you
place a total of 31 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 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 business unit.
The property will have a Warranty Program to take care of the more
costly small repairs and EPM will take care of major repairs, paid from
the income of the property.
The Leasee will provide liability Insurance for that unit. The Fire,
Flood, Earthquake and additional liability
insurance will be paid from the gross 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, or you may use other forms
of cash payment, which is acceptable with EPM. We may accept business
checks by approval.
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 will not be sold for more
then 12% less then the Current Value.
If there is any intentional damages or vandalism your name, managers,
Officer and Directors will be placed
on the no lease list in the database and they 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 EPM you do not need to qualify to occupy a unit, just
a simple verification of income.
Deed Exchange EPM makes business property occupies easy and affordable.
There are no percentage of gross or net, etc. and all the other requirements
associated with traditional commercial property ownership and leasing.
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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