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Current Lending Climate for Manufactured Home Communities

Community Update
Chuck Carpenter

By: Rachelle Menaker is a partner with Hart, King & Coldren's transactional practice group. I. INTRODUCTION: OVERVIEW OF CURRENT LENDING CLIMATE FOR MHP'S Everyone knows that interest rates in re- cent years - in the wake of the financial melt- down that occurred in the mid-2008 to mid-2009 timeframe - have been at historic lows.

Phil Querin Q&A: Applicant Pays Application Fee - Can Landlord Also Charge a Move-In Fee?

Phil Querin Questions & Answers
Phil Querin

Answer: This question involves 90.297, which provides as follows: - Except as permitted in ORS 90.295 (fees for tenant screening charges) a landlord may not charge a deposit or fee, however designated, to an applicant who has applied to a landlord to enter a rental agreement for a dwelling unit.

Phil Querin Q&A: Applicant Qualifies, Moves In, Does not Sign Rental Agreement

Phil Querin Questions & Answers
Phil Querin

Answer: First and foremost, send the checks back as soon as they come in. Do not hold onto them, as there is Oregon case law saying that doing so for an unreasonable amount of time can constitute acceptance. Include a letter with the checks reiterating what you told him about the necessity of the repairs and the need to sign the rental agreement.

Phil Querin Q&A: Accepting Application When You Suspect Applicant Does Not Qualify.

Phil Querin Questions & Answers
Phil Querin

Answer: A judgment is a lien on all real property that is owned by the judgment debtor in the county in which the debtor resides. The lien gives the judgment creditor the right to "execute" on that real property, i.e. force a sale of the property with the proceeds being applied toward payment of the judgment. It is good for ten years and can be renewed for another ten years.

Form 1099 and Protecting Your Investment

Community Update
Chuck Carpenter

Form 1099 and Protecting Your Investment Article provided by Kathleen Landau, Accounting Manager for Commonwealth Real Estate Services since 2009. Kathleen brings over 20 years of accounting experience and knowledge to the Commonwealth team, and as a multi-site property owner herself, understands the unique needs facing property investors and small business owners.

Phil Querin Q&A: Home Reseller Paying Fees to Employees of Another Company

Phil Querin Questions & Answers
Phil Querin

Answer: I cannot find any law precisely on point, so will have to "reason by analogy." For purposes of answering the question, I will assume that the payor and the payee both have an Oregon manufactured structures dealer's ("MSD") license. However, that license only permits one to conduct business from a single location.