duplex lease option structure - Posted by Johnc IL

Posted by Rich_in_CT on August 16, 2007 at 07:31:10:

I actually had an attorney draw me up a l/o agreement to control a multifam, cost me $100. It has check boxes that allow us to check off who pays what. It also lays out how rent is treated, etc. Obviously you want to shoot for the smallest option deposit you can and the biggest credit. However when negotiating the credit you might be wise to go with little or no credit and shoot for a smaller option price. Some owners don’t like big credits and would be more apt to sign if it was a small or non-existant credit even though with the smaller option price it nets out the same.

duplex lease option structure - Posted by Johnc IL

Posted by Johnc IL on August 15, 2007 at 19:21:54:

Could someone tell me how I would structure a duplex lease to own? Market value 129K, Rents for about 635 per side. What would be a recommended option deposit, owners payments, and credit toward principle? And how is the tenant rents treated? Thanks in advance!