Hello to all,
I want to do lease options, both sandwich and co-op or wholesale leasing. I understand the concepts of both and the forms that are needed for the sandwich lease. I aunderstand that a lease-option form( one form) should be used between the seller and myself and 2 separate forms( a lease and an option) should be used between myself and the tenant/buyer. On the co-op lease, is it the same or do I use 2 separate forms with the seller, also. When I assign the deal to the tenant/buyer, am I assigning just the option and making a new lease or am I assigning both the option and the lease? Also, where is the best place to locate the forms? I am ready to move on this, but a little fuzzy on the forms. Thanks much for any help.
Rick
Posts: 3
Lease Options in Florida
« on: Today at 11:18:50 PM »
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Hello to all,
I want to do lease options, both sandwich and co-op or wholesale leasing. I understand the concepts of both and the forms that are needed for the sandwich lease. I aunderstand that a lease-option form( one form) should be used between the seller and myself and 2 separate forms( a lease and an option) should be used between myself and the tenant/buyer. On the co-op lease, is it the same or do I use 2 separate forms with the seller, also. When I assign the deal to the tenant/buyer, am I assigning just the option and making a new lease or am I assigning both the option and the lease? Also, where is the best place to locate the forms? I am ready to move on this, but a little fuzzy on the forms. Thanks much for any help.
Rick