How Long A Term Should A Lease-Option Be? - Posted by Elise

import · August 5, 2005, 5:46pm

Posted by Phil on August 05, 2005 at 18:08:07:

I do 12 months with the right to extend 12 more months. But if you do not own the home, then it depends on how long your option is with the owner/seller. Shorter can be better because if its for too long the home may jump in value and the T/B will buy it for less than FMV.

import · August 5, 2005, 5:46pm

Posted by Elise on August 05, 2005 at 17:46:21:

When you are leasing a property with an option to buy to a tenant, how long should you make the term of the lease-option?

Should I stay with 12 months, 24 months or 36 months?

Why would a short term be better or worse than a longer term?

Thanks in advance for any advice or reasoning about this topic!

Elise