Posted by SA on September 10, 2003 at 20:02:30:
Thank you for your respnce. I currently have the l/o and am going to exercise my option to buy. I will be holding this property as an investment property. I was thinking of writing up an “Offer to Purchase” that shows the rent credit as a down payment and already paid to the seller. Any problem with this? Or does one usually just use the existing l/o contract to purchase?
Thank again for you responce.