Posted by JPiper on December 21, 1999 at 09:35:38:
I would assume that Peter is the buyer, not the seller.
JPiper
OPTION AGREEMENT THAT ALLOWS SELLER TO CONTINUE MARKETING PROPERTY - Posted by Peter
Posted by Peter on December 21, 1999 at 24:49:49:
Does anyone know where I can get an option agreement document that allows the seller to continue marketing and even sell his property during the duration of the option?? Thanks.
Re: OPTION AGREEMENT THAT ALLOWS SELLER TO CONTINUE MARKETING PROPERTY - Posted by Jim LaVerdi
Posted by Jim LaVerdi on December 21, 1999 at 01:18:18:
Peter,
I don’t think you’ll find many takers on any of your offers if the lessee runs the risk of you selling it from under him. After all if he is lease optioning the property from you, he has the right to buy it after a predetermined period of time. You are bound as the seller to sell the property to him. He can decide NOT to buy after his term but you as a seller MUST sell if that is what he decides. A Lease Option is a unilatteral contract binding on the SELLER!