Can you please explain the logic behind just one contract with the seller (and not seperate Lease and Option).
Regarding the wordings is the foll correct: Landlord/ Tenant on Lease
Seller/ Buyer on Option
Because it grants you equitable interest. No, you would use the terms Optionor and Optionee. You would not want Buyer or Seller anywhere on there.
[addsig]
A Lease and Option combined for the Seller. A separate Lease and Option for your Tenant/Buyer. Plus some other less important paperwork.
[addsig]
Can you please explain the logic behind just one contract with the seller (and not seperate Lease and Option).
Regarding the wordings is the foll correct:
Landlord/ Tenant on Lease
Seller/ Buyer on Option
Because it grants you equitable interest. No, you would use the terms Optionor and Optionee. You would not want Buyer or Seller anywhere on there.
[addsig]