It can take years for a Tennessee resident to locate the right piece of land on which to build their home or business. After carefully assessing parcel after parcel, an individual may finally come across the perfect spot on which to build. Before they sign on the dotted line and purchase the tract that they believe will become the home to their real estate dream, they should first ensure that the parcel is zoned appropriately for their intended use.
Taking on a mortgage is a big commitment in the life of a Tennessee resident. Unlike paying rent, a person who secures a mortgage for the purchase of a home is often committed into a long-term, sometimes multiple decades-long contract to pay off their loan. When circumstances arise and the person cannot make their mortgage payments they may face challenges from their mortgage holder and threats of foreclosure on their loan.
When negotiating a residential lease, it is important to know what to consider and what to include. Because a lease agreement outlines the relationship between a landlord and the tenant, it is helpful to be familiar with the residential leasing process and what should be included in a lease.