Posted by WilliamGA on December 22, 1999 at 20:39:17:
Josh,
Add a clause to your L/O agreement that states your payments start to the seller upon finding a suitable T/B. If he is motivated, he should agree to it. If he balks, try to sign the agreement up to start on the first of the next month and then market the heck out of the property. So far, I haven’t had any problems filling L/O’s. If it is a good property in a good location, you probably won’t either.
Good Luck!
WilliamGA
Lease Option/Purchase- Help/Avice… - Posted by josh
Posted by josh on December 22, 1999 at 18:44:33:
I have a property I can L/o and want to sub-lease. How to delay paying owner any money untill I get money from the party I’m sub-leasing to? How is that accomplished? Proper wording, etc.
Thanks for any and all help!
Josh.
Re: Lease Option/Purchase- Help/Avice… - Posted by Jim LaVerdi
Posted by Jim LaVerdi on December 22, 1999 at 21:42:30:
I would have a clause included in the contract that says. This contract contingent upon lessee finding a suitable tenant to occupy the property
I hope this helps you.