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Updated over 11 years ago,
the NC due diligence fee?
I had a good professional friend tell me if I wanted to lease option my house, it would be a good idea to collect a due diligence fee and take the house off the market for a year and just lease the property to the tenant. Anytime durning the lease period the tenant has the opportunity to buy the house at our agreed price. No need for an option fee and if the tenant moves out or violates the standard lease agreement I may lease to someone else, but I cannot sell the property until the due diligence periond expires. Tell what you think?