optioning and assembling properties? - Posted by Richie

Posted by ray@lcorn on May 12, 2003 at 15:52:23:

Richie,

Depending on the option language regarding assignment I don’t think you need a new contract, unless you want to make the fourth option contingent on being able to assemble the larger parcel. To me that discloses more than is necessary to the owner of #4.

I’d prepare assignments for each option and be done with it, but it’s really hard to say without seeing the document you’ve used on the first three parcels.

ray

optioning and assembling properties? - Posted by Richie

Posted by Richie on May 09, 2003 at 16:55:35:

How would someone go about assembling 3 or 4 different properties together. I have 3 out of 4 properties optioned in an area of redevelopment and wanted to know that if I option the 4th, is it as easy as selling all options to one buyer, or would you need an assemblage contract (or something like that)
Thanks