To understand the benefits of a Lease Option agreement, you must first understand the term. A Lease Option is an agreement between a buyer and a seller to lease or rent a property with an option to buy it at a future date. The terms vary and are structured in a multitude of ways.
The “Option to Buy” can be arranged with an up-front payment of a pre-determined amount or a monthly rental fee is agreed upon with additional payment to be applied towards a possible purchase of the property. The agreement can be organized with a preset purchase price or the purchase price can be establishes by the fair market value at the time of purchase.
Whether you are an investor or a seller thinking about doing a lease purchase, it is imperative to educate oneself on the choices available. Consult with an attorney if possible to make sure you protect your interests. Make sure you know all your options.
To fill up your knowledge tank check out this online seminar next week, Profit Big: The Lease Option Secret. You will learn the ins and outs of lease options, strategies that work in today’s marketplace and how to profit from them.Also check out our Gurus page for information on different Lease Option experts.
Any investors out there have additional lease options suggestions? Let’s start the dialogue by posting here!
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