Property sale wording advice (LA)
Selling a small piece of property soon to a tenant. Nothing crazy or for a large amount. I want to do 28 payments over 28 months with the option of 4 extra payments/months if said friend jobs slow down (construction guy, work can be slow or really busy.)
That being said, for the optional 4 months I’d like to make it 1.25 of the original payment. I figure if there is no incentive to make the original payment time frame then it won’t happen. My problem is how would I word that?
TLDR- selling property. 28 payments over 28 months. Additional 4 months allowed (32 months) but at 1.25 times original payment amount. Ie $10 payment becomes $12.50 if you use the extra 4 months. Advice on how to word this?
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source https://www.reddit.com/r/RealEstate/comments/qibi17/property_sale_wording/
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