Over 1000 opinions have cited PLCM Group, in which Laurie established that companies represented by in -
house counsel can recover contractual attorney fees, and that reasonable
market rates
control the award.
Part of the sales pitch most realtors will use when trying to sell a client on Home Partners is that they have the option to purchase the
house they are renting for 5 % above what Home Partners pays for it... But, by the time you account for their above
market rents, a sizable initial repair budget (that the tenant / buyer has no
control over what Home Partners decides to spend), maintenance and repairs while renting (yes, the tenant will have normal repairs and maintenance costs during their lease added to their purchase price), closing costs, and the company's 5 % fee - you should expect a right to purchase price that is more like 10 - 15 % higher than the original purchase price.