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.
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!