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!



Comments(2)

  • Cherick11th January, 2007

    One more thing, this property is in Florida, should I transfer to trust if I do lease option?

    Thanks again for the input!

  • LeaseOptionKing11th January, 2007

    I never use Trusts, but yes, done properly it could provide privacy and asset protection.
    [addsig]

Add Comment

Login To Comment