Need Texas Experience/Help- lease-option lease-purchase

[Matthew Carducci]

Good morning BP, I have a buyer that is interested in as lease-purchase agreement. I have no experience with these. Curious if anyone has suggestions for someone in the New Braunfels, Texas area who could help with this. Thanks. Matt

[Guy Gimenez]

@Matthew Carducci

These are not for the faint of heart Matthew.  Texas has special regulations on these types of transactions. Any agent who drafts this up without being a principal in the transaction can easily end up in hot water with regulators as TREC has repeatedly indicated they would see this as the practice of law IF a lease is combined with an option contract and the option exceeds 180 days, in which case the contract becomes an executory contract.