FAQS
FAQS
1.
What are LLPM's Requirements When Qualifying a New Tenant?
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LLPM considers a strong, qualified tenant as someone who can provide 3(+) years of financial documents (i.e. tax returns, profit & loss statements, bank deposits, etc.) showing they can afford the full term & rental rate of the lease.
3.
When is Rent Due?
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All rent charges are due on the 1st of each month during the term of your lease. Typically, late fees will begin to be charged if rent is not received by the 5th day of the month (depending on the specific, agreed upon terms of your lease).
2.
What is a Triple Net Lease?
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A triple net lease (or NNN) is a lease agreement on a property where the tenant/lessee agrees to pay (real estate) taxes, (building) insurance, and common area maintenance (or cam). the three "nets" on the property in addition to any normal fees that are expected under the agreement (rent, utilities, etc.)
4.
Can I Setup a Direct Deposit for Paying My Rent?
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Yes! In fact, it will save you from being charged a $20 processing fee for each physical check used to pay rent.