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Video instructions and help with filling out and completing far option clauses
Welcome and thank you for visiting Hollywood homes this is our contract to lease video training of module if you have any questions about this my name is Ben Garcia I am the broker of Hollywood homes you can contact us at 954 nine two four five four five four we are going to run through a standard contract release which is the offer you're going to make between the tenant and the prospective landlord on a property the first line you're going to see here is prospective tenant so we're going to put in that person's name okay normally we are representing the tenant when we are making a contract release if you're representing the landlord you will be getting one of these so either way you need to understand what is here the second line you do not have to fill it out if you're making a contract to lease on behalf of your tenant you can leave this blank or you can put owner of record do not take too much time trying to find out the information on the prospective landlord it could be wrong it could have changed hands tax rolls might not be updated etc okay proposed rental property 1 2 3 Main Street is the address of the property that's gonna be located in Hollywood Florida okay pretty simple basic information broker line one are we the cooperating or listing broker we are the cooperating broker in this instance we are writing a trans an offer for this transaction for Jane Smith who is the tenant that makes us the cooperating broker if we were receiving it we'd be the listing broker we are not the listing broker in this instance we're the cooperating broker deposit receipt very important this is not the security deposit it's not first last and security this is a deposit restraint basically put in as a good-faith okay who's it going to go to Hollywood homes or any other third party title company etc Hollywood homes LLC we're going to say that we received $500 on this particular property as good-faith we're gonna assume that this is a thousand dollar transaction and we received one half of a month as a deposit receipt that generally that's what we're looking to get whatever our commission is whether it's five hundred Wizards a half a month or five percent that's what we want to collect in the event that there is a speedy you know closing that needs to be done right away or what-have-you the tenant can simply make the money orders to the prospective assisting office and landlord and without us having to you know do checks quickly or out of the blue and when we're not prepared to normally what we want to do is before closing by 1:00 p.m. the previous day you have our disbursements in which is another little training video so that we can make these checks for you so what we.