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Updated over 10 years ago on . Most recent reply

User Stats

75
Posts
3
Votes
Ace A.
  • Las Vegas, NV
3
Votes |
75
Posts

Lease Option in Las Vegas

Ace A.
  • Las Vegas, NV
Posted

Hi BPer's !

I own a property here in Las Vegas and thinking about offering a Lease Option on the property.  I have done this in the past, but this was 8 years ago.  After reading a few post here on BP, I'm affair I might be out of date with my contracts.


1) First question I have is, if I do a L/O, and my Tenant/Buyer doesn't pay the rent, in Las Vegas, would you evict them or do you have to foreclose on them?

2) With my lease options I offered before, it was basically a normal lease agreement with a separate contract for the lease option.  Is there more paperwork I should have?

Thanks.

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