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Old 10-09-2012, 08:39 PM   #5
daytona
6th Gear Member
 
Join Date: Jan 2002
Location: Toronto
Posts: 2,715
Sirex thanks for the tips..

1) Insured
2)fix rate open mortage
3) Hes %100 responsible for upkeep of the property and business
4) Hes allowed to pay it all off without penalty (better for me to get a lump sum)
5) He can sell anytime ...
6) He sold his previous business so all is legit to get the downpayment..
7) I be flexible on terms.
8) My lawyer would word the contract so if he defaults I be %100 secured.

He ran a business like the one Im selling to him before,but the area where his business was located depended on a large company that closed up and went to the states...over 500 workers terminated and the small town hasnt recovered from it.
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