article thumbnail

Commercial Real Estate – Binding Letter of Intent, Or Not?

Esquire Property Management Group

Many times, this is merely the starting point of negotiations between a purchaser and a seller which is commonly drafted by a purchaser’s broker or attorney. The subsequent approval or acknowledgment of an agreement via email, text, or any other electronic communication service remains non-binding upon either party.

article thumbnail

45 Questions to Ask Short Term Rental Management Companies

Renjoy

But depending on the state, you may need a real estate broker’s license or a PM license to legally operate as a property manager. Additionally, inquire about the methods of payment, such as direct deposit or other electronic transfer options. Are you a licensed Short Term Rental property manager?