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KULAK ROCK LLP DRAFT 03/13/2019LEASE PURCHASE AGREEMENT by and between AF TOMB BANK, N.A. as Lessor, andDRARCHULETA COUNTY, COLORADO, as Tessellated as of May 1, 2019483925591174.2TABLE OF CONTENTS

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How to fill out as lessor

01

Gather all relevant information about the property including its location, size, and any special features

02

Determine the rental price based on market rates and the condition of the property

03

Prepare a lease agreement that outlines the terms and conditions of the rental

04

Advertise the property through various channels such as online listings, local publications, or real estate agents

05

Screen potential tenants by conducting background checks and verifying their income and rental history

06

Conduct property inspections before and after each lease to ensure it is being well-maintained

07

Collect rent from tenants and address any maintenance or repair issues promptly

08

Keep thorough records of all rental activities including leases, payments, and any correspondence with tenants

09

Stay informed about local landlord-tenant laws to ensure compliance and protect your rights as a lessor

10

Continuously assess and adjust your rental strategy to maximize profitability and attract quality tenants.

Who needs as lessor?

01

Property owners who want to generate passive income from their properties

02

Investors who want to diversify their portfolio and take advantage of the real estate market

03

Individuals or businesses who have vacant properties and want to generate rental income

04

Professionals who specialize in property management and help others navigate the rental market

05

Anyone looking to rent out their property for short or long term periods, such as vacation rentals or residential leases

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What is as lessor?

A lessor is an individual or entity that leases or rents out a property or asset to a lessee.

Who is required to file as lessor?

Individuals or businesses that own property and receive rental income are required to file as lessors.

How to fill out as lessor?

To fill out as lessor, you need to report all rental income and related expenses on the appropriate tax forms, typically using Schedule E for real estate rentals on your tax return.

What is the purpose of as lessor?

The purpose of filing as lessor is to report income earned from leasing property and to claim any deductions related to the property expenses.

What information must be reported on as lessor?

All rental income, expenses related to the property, and information regarding tenants must be reported as lessor.

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