Posted by Bill K. (AZ) on May 03, 1999 at 14:25:26:
I justify it by letting the buyer know that I am essentially taking the home off of the market while he qualifies for the loan. Hence, he has the exclusive right to purchase the home during the term of the lease. The option consideration makes it worth my while to do that.
In addition, I haven’t heard of NOT crediting the option consideration to the purchase price. So, I’d have a harder time justifying that one.
Bill K. (AZ)