Posted by Joe Kaiser on June 09, 2006 at 24:13:27:
It’s not like you can just name your price. You get whatever you can and
that’s whatever the market will bear. Who actually pays doesn’t really
matter in terms of cashflow.
Joe
Who pays the HOA fee in a lease option deal? - Posted by Russ
Posted by Russ on June 08, 2006 at 22:35:52:
Hi,
I am looking at some nice properties that are worth around $150k in Atlanta, but HOA fee seems to be pretty high, around $700. In a lease option deal, would you make the tenant pay the HOA fee? Or build the fee into the rent? Please share what you do in a situation like this.
Thx.
russ
Re: Who pays the HOA fee in a lease option deal? - Posted by Luke Hoppel
Posted by Luke Hoppel on June 09, 2006 at 09:13:04:
Everything is negotiable. I would try to make them pay for it by telling them that they are going to be a homeowner so they better start getting used to it (not quite in those words, much more tactfully).
Or I would use it as a negotaiting tool. If they aren’t happy with the price, the option payment, the rent or anything else you can say "well, I generally don’t do this but if you agree to this I will pay all of the HOA fees for the term of your lease.
Just some ideas,
Good Luck,
Luke