All About yadabnns

Alton Yarbrough
Newport News, VA
About Me: 

I'm a 29 year old landscaper living in southeast Virginia. I see plenty of nice homes in communities during my daily grind which makes it easy to keep my focus on the big picture. With horrible credit I currently rent, but I am extremely determined and like they say persistence pays off...

Topics I've Participated In

What happened to the Purchase Agreement? yadabnns99 years 45 weeks ago
MY first Deal 30k !!!!!!!!!!! and after Calvin212910 years 3 weeks ago
Wholesaling MLS Properties yadabnns310 years 25 weeks ago
lease option question yadabnns9610 years 51 weeks ago
Option Contracts yadabnns511 years 21 weeks ago

Basic Info

Have Child(ren)
Some College

Sites I Visit

Mainly Just This One


lease option questions

Hello DG family. I not realy confused, just want to make sure I have the right idea about lease options. Is the renter able to exercise their right to purchase at any time, or does it have to be at the end of their lease agreement? Also, is the option money their downpayment should they decide to purchase? Finally, if the tenant doesn't purchase the property do they receive their option money back?

lease options

rg6626's picture

Thanks for asking this question.

lease option

The lease has to be setup for the lease-option at the begining of the lease. If the tenant buyer does not take the option then they can sign anew lease or move out and yuo will have to give them their money back.

Lease option

Alton I'm glad you asked the questions because I am ready to start my L/o's and assignments, so your questions got many responses and all very good ones @ that. I got alot out of it so thanks. Sincerely Eric

Lease Option

Correct me if I'm wrong but if your contract says non-refundable isnt that what it means if structured properly? If your tenant/buyer renigs or defaults on lease payments dont you now have the right to evict?
Thanks Eric