Separating Option from Lease - Why? - Posted by Doug

Real Estate Investing
1

Posted by Randy OH on January 24, 2002 at 16:20:43:

Doug,
If you are the seller, it (supposedly) helps to protect you from the tenant/buyer claiming he has an equitable interest in the property if you should have to do an eviction. However, I have never seen any references to any actual court cases. Does anyone else on this board know of any court cases involving equitable interest that they could cite?
Randy

2

Separating Option from Lease - Why? - Posted by Doug

Posted by Doug on January 24, 2002 at 15:56:04:

Could someone share with a newcomer why you would want to have separate contracts for an option and lease?

Thanks in advance.
Doug