Standard Term Of L/O?

What is the length of a standard term on a L/O? I thought I had read one year.

Thanks....

Comments(5)

  • miraclehomes21st July, 2004

    I do two years on all of my L/O properties.
    Then another two......
    Then another two......
    Then another two......
    and so on[ Edited by miraclehomes on Date 07/22/2004 ]

  • ChasG22nd July, 2004

    From what I have read, 2 years seems to be standard

  • LeaseOptionKing27th July, 2004

    I never do more than 12 months. If the T/B wants more time, I will consider it with additional Option Consideration (not nearly as much as the original amount). Plus, I raise the price.

  • mec4101128th July, 2004

    thanks to those who have replied here. i will try to go 12 months....

    please pray for me that i find a buyer.

    and good luck to you with all of your future ventures! it can be a profitable business for people who have the knowledge and avenues. wink

  • LeaseOptionKing28th July, 2004

    Contact a mortgage broker to see if they have access to Lease Purchase Lenders. Then try this ad in Homes For Sale: NO QUALIFYING! No Credit Check! Low Dn 3/2 2400 sq ft 555-5555 lv msg

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