Posted by David Garcia on January 28, 2002 at 13:29:24:
Make sure that you use 2 different forms, 1 for lease & 1 for option to buy. You can charge as option consideration whatever you feel is fair. 5%of the purchase is very common. You can have a specific price that you will sell to him or arrange certain % of the lease money to go towards purchase. L/O’s gives you that flexibility.