I Have Questions To Be Answered..

HI, i have a few questions here.

1. Do i have to open a escrow account to hold the rent credit?

2.When doing a L/O with a seller, does the rent have to be the for the seller and the T/B?

Comments(5)

  • LeaseOptionKing23rd January, 2005

    1. No, you definitely would not.

    2. This question is missing a word or two. Are you asking if the rent has to be the "same" for the Seller and T/B? I'm just guessing at what you are asking. If so, the answer is no.
    [addsig]

  • focusonmoney23rd January, 2005

    I'm sorry, i did miss a couple of words. Let me ask the question again.

    .When doing a L/O with a seller, does the RENT CREDIT have to be the same for the seller and T/B?

  • InActive_Account23rd January, 2005

    When you say "T/B" what are you referring to? I'm just trying to understand some of the RE lingo.

  • focusonmoney23rd January, 2005

    I'm talkimg about a Tenant/Buyer...

  • LeaseOptionKing23rd January, 2005

    The answer is no.
    [addsig]

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