Equity
Lease Program™ Details
Q:
What is the Equity Lease Program™?
A: It is the Rental of Property Management Homes such as Single
Family Homes, Condo's or Townhomes; whereby the Broker of the
buyer's agent agrees to match up 25% of the tenants existing
lease agreement towards the purchase of the tenants new home,
following their lease expiration.
In Detail:
The following describes our Equity
Lease Program™
whereby the Management in this agreement pertains to the agents
of BROKER EXECUTIVES, INC. Furthermore, the Client in this agreement
will be known as customers of BROKER EXECUTIVES, INC., for which
BROKER EXECUTIVES, INC. has received commission from the subject
property the client has agreed to lease. The subject property
is here by known as the property found by US BROKER EXECUTIVES,
INC. All other agreements held between the Client and the Management
will be void unless stated as an addendum to this agreement.
This agreement is held between the Clients, and the Management
of BROKER EXECUTIVES, INC., commenced upon the date at which
the lease was established from the subject property. This agreement
does not bind the owner of the subject property. Furthermore,
this agreement must be signed prior to the lease establishment.
By signing, the Client agrees that the following Lines 1, 2,
3 and 4 will void any agreement held between the Management
and the Client.
•
Late by more than 30 days on any payment of the subject property.
• Evicted by the Landlord.
• Bankruptcy by the client or Broker.
• Client fails to purchase a home in Arizona
The
Client agrees that the Equity Lease Program™ is not
considered cash back from the property the client
decides to purchase. Neither can
funds be received in cash. Our Equity Lease Program
may only be contributed as closing costs from the sale of
a property by the Broker. The Equity Lease Program contribution
is paid by the broker of the buyer's agent, and it is agreed
not to exceed $1,500. Funds contributed may only be contributed
in Escrow pursuant to RESPA LAWS for what is considered “Rebating”.
Funds in Escrow may then be contributed by the Broker of the
Buyers Agent towards closing costs. Funds may only be allocated
if the Client agrees to hire the Broker of the Buyers Agent
for the property the Client decides to buy. The client also
agrees that annual changes to this agreement such as the terms
or conditions may be changed for the protection of BROKER
EXECUTIVES, INC.
View
the Equity Lease Program Official Service/Trademark
  
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Office: (623) 252-EXEC (3932) | 830 N. 1ST AVE STE 215, PHOENIX, AZ 85003
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