LO Question
We have a property that we have up for sale and a potential renter may be interested in doing a lease option. Our selling price is $289,900. If we do a lease option, here are our questions.....
1. What is the typical downpayment for a LO?
2. Do you typically charge more on a monthly basis for the lease?
3. What is the normal length of lease option?
4. Do you put a clause in there stating the tenant has first right of refusal in the event you should sell the property?
Thank you in advance!
One more thing, this property is in Florida, should I transfer to trust if I do lease option?
Thanks again for the input!
I never use Trusts, but yes, done properly it could provide privacy and asset protection.
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