Lease Option paperwork

[Rob Gillespie]

I use a pretty long contract to lock up homes in lease option. Although it covers the heck out of everything, I feel it may spook some folks, and it almost always results in them taking it to an attorney. Which I am fine with.
Previously I used a super simple one page purchase agreement that I would assign, it never spooked anyone, does anyone have a simple one page, even front and back lease option that I can take a look at? I am in Ohio. Thanks. If you do not want to put it out for the world to see, just email it to me.
I will show you mine if you show me yours! LOL!!! :lol:

[Margie Cromwell]

I would rather have a good contract and deal with a bit of resistance from a seller, even if they take it to their attorney. The last LO I did I filled out my long contract, sellers and I both signed it, then I became concerned and asked if they wouldn't mind if we change it to my attorney's LO contract.

If the sellers are motivated, they sign just about anything. I've taken too many arrows in my assets to deal with weak contracts. A one page wholesale contract and assigning to another buyer is different than a LO, not unless you are going to assign the lease option contract and let the assignee follow up with the seller with their own contract. For this I use a simple one page contract but the contract is not strong enough to hold up in court. Again my intent is to assign that one and the assignee must follow up.

IMO.. a simple LO contract that you would retain is not worth a possible loss later on.

Angelo, I would love to review your contract!