Posted by WilliamGA on December 22, 1999 at 20:39:17:
Josh,
Add a clause to your L/O agreement that states your payments start to the seller upon finding a suitable T/B. If he is motivated, he should agree to it. If he balks, try to sign the agreement up to start on the first of the next month and then market the heck out of the property. So far, I haven’t had any problems filling L/O’s. If it is a good property in a good location, you probably won’t either.
I have a property I can L/o and want to sub-lease. How to delay paying owner any money untill I get money from the party I’m sub-leasing to? How is that accomplished? Proper wording, etc.
Thanks for any and all help!
Josh.