Payments, Fees & Taxes
Q: When are monthly installment payments due for Land Contracts?
A: Monthly payments are due on the 1st of each month, until paid in full under the terms of the Land Contract. We will send you a monthly payment invoice by email as a reminder.
Q:What payment methods are accepted?
A: For Down Payments: We accept only cashiers checks or money orders. For Monthly Installment Payments: We accept cashiers checks, money orders, personal checks, Paypal payments and credit cards (processed through PayPal). DO NOT SEND CASH! Perimeter Assets, LLC and its agents are not responsible for lost or stolen cash mailed to us.
Q: How and where do I make my monthly payment?
A: We offer several payment options:
Q: Are there any additional fees if I make a late monthly payment?
A: : The late payment charge that may be assessed under the Land Contract is 5% of the past due installment payment amount if payment is 15 or more days late.
Q: What is your policy on returned checks?
A: There will be a $25.00 fee for all checks returned due to nonsufficient funds (NSF). Any returned checks must be paid by money order, cashier’s check, or credit card and include the returned check fee. The payment must be also be received within 15 days of the payment due date or it is also subject to late fees.
If there are two (2) or more returned checks during the term of the Land Contract, the Seller, at its discretion, may opt to no longer accept Buyer's personal checks and require that future payments be made by cashier's check, money order, credit card or PayPal.
Q: Am I responsible for paying annual property taxes, special assessments and/or Property Owners Association (POA) dues?
A: YES. Once the Buyer signs the Land Contract and pays the down payment, the Buyer is then responsible for paying taxes, assessments and POA dues, as applicable. If the Buyer fails to pay these ON TIME, the property is as risk of being in default and forfeited by the Buyer.
Property Use
Q:Can you help me locate my property?
A: We will do our best to help you locate the property by providing the property address, maps and/or GPS coordinates (if available), but we cannot accompany you to locate the property.
Q: Can I use my property after I start making payments on it?
A: YES! However, any improvements (homes, buildings, septic systems, wells, utility hookups, roads, fences, tree-cutting etc.) must be approved by Perimeter Assets, LLC (the "Seller") in writing during the term of the Land Contract. If approved, the Buyer must also obtain county, city and/or subdivision approval and necessary building permits, as required. Other conditions may apply, as each situation is unique, so contact us BEFORE you develop the property.
Q: Can I live full-time on the property I am buying from you?
A: It depends on the property and any use restrictions. Most properties we offer require you to build a permanent structure which meets county/city zoning requirements and building codes. Subdivisions may have additional restrictions. Some recreational properties we list allow you to camp for a limited amount of time, even without building. Occasionally we have properties with "No Restrictions" and we market those accordingly. We strongly encourage you to contact the appropriate county/city offices to ask about your intended use before purchasing the property.
Q: Can I grow marijuana on the property?
A: If Federal and State laws (where the property is located) allow cultivation of marijuana for PERSONAL USE ONLY, this is considered within the terms and conditions of the Land Contract unless the Land Contract expressly forbids it. During the terms of the Land Contract, the property SHALL NOT be used for commercial marijuana cultivation, even if the Buyer is licensed to do so and plans to operate within Federal and State guidelines. Commercial marijuana cultivation is not allowed by Perimeter Assets, LLC because it is deemed to be potentially harmful to the soil, environment and other resources on the property and those adjacent to it.
During the term of the Land Contract, Buyers agree to adhere to all Federal and State laws in the use of the property. If the Buyer engages in any illegal activities on the property, including illegally (or commercially) cultivating marijuana or manufacturing illegal substances, then the Buyer is as risk of forfeiture, cancellation of the Land Contract and/or foreclosure.
Miscellaneous Questions
Q: What is your refund/return policy?
A: See our 30-Day Money Back Guarantee page for information about refunds/returns. Buyers should do their due diligence and research BEFORE entering into a Land Contract and making a down payment on any of our properties.
Q: Are there any restrictions on purchasing property from Perimeter Assets, LLC?
A: We reserve the right to refuse to sell property to anyone, at any time, for good cause. Examples of "good cause" include, but are not limited to, the potential Buyer(s): 1.) Offering unacceptable purchase or financing terms; 2.) Not meeting income requirements; 3.) Failing to return required closing documents and down payment in a timely manner; 4.) Having a history of late payment(s) or default on a previous Land Contract with us; 5.) Excessive use of our 30-Day Money Back Guarantee, indicating that Buyer has not performed "Due Diligence" on a property before purchase; and/or 6.) Providing false or misleading information in the negotiations or purchase of a property from us. We also reserve the right to limit the number of properties that may be under Land Contract with us at any given time to no more than one (1).
Q: How do I contact customer service?
A: For any questions or concerns, call (925) 219-6259 between 9:00 AM and 8:00 PM (PST) or email us at support@PerimeterAssets.com.
Q: What is your website's privacy policy?
A: Click on the following link to view our Privacy Policy.
