Bronchick's Lease Option Forms -- Help!!! - Posted by Keith


#1

Posted by Kev (NC) on December 23, 1998 at 19:54:38:

If you are going to take a sandwich position as the master tenant, use the Lease-Purchase Agreement (4002). I have never used his plain option form (4001), but I suppose you would just use it to tie up a property or could use it in conjunction with a lease. His Lease Option Workshop is a good course and might be a good idea if you are doing a bunch of L/Os.


#2

Bronchick’s Lease Option Forms – Help!!! - Posted by Keith

Posted by Keith on December 23, 1998 at 19:02:55:

Anybody:

I am using Bronchick’s lease option forms and closing
on yet another deal!!! The How to be a Real Estate Lawyer
course doesn’t say (or I can’t find it) which of these forms
to submit.

Do I send both the “Option to Purchase Real Estate”
(Document Number 4001) and the “Residential Lease/
Purchase Agreement” (Document 4002) together???

Or do I submit the one or the other??? Please help…
Seller is waiting for my paperwork… and Santa too!

Thanks and Merry X-Mas.

Keith


#3

Re: Bronchick’s Lease Option Forms – Help!!! - Posted by Bronchick

Posted by Bronchick on December 24, 1998 at 10:27:28:

By the way, the explanations and instructions for each form precede the hard copy in the appendix of the course book.

When you are the tenant/buyer, us the Residential Lease/Purchase agreement (form 4002).

When you are the landlord/seller, use form 2007 (Pro-Landlord Lease) with Form 4003 (Pro-Landlord “Tenant’s Purchase Option”)