Need help on a Lease Option Clause - Posted by Dave

Posted by chris on December 20, 1999 at 01:57:14:

Have a clause allowing you to sublet the property without approval of tenant by seller.

Add another one stating that this lease contract is contingent on you finding a suitable tenant. It may be a good idea to also have the seller sign a seperate form that outlines your power as a “property manager” to do what is needed to find tenants. They need to give you the keys for access to the property, etc.

In case the seller is leery of the idea tell him that no one will be living in the property until funds are received and that tenant is screened. However, you will need the keys to show the place to prospects.

Hope this helps. Ron Legrand has a lease option course that may be of interest to you.

Need help on a Lease Option Clause - Posted by Dave

Posted by Dave on December 18, 1999 at 15:51:51:

I’d like to know what clause can be added to a lease option
contract to tie up a property by a potential buyer(myself)
to then screen tenants buyers for a possible sandwich lease
option. Thanks for the input in advance and LOVE THIS SITE!!

Dave