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Updated almost 11 years ago,
Lease Option SAFE Act / Dodd - Frank Compliant?
Hello,
I want to do a lease option with someone who will not be living on the property (already has a primary home) and will use the property for agriculture. From what I have read, if I don't apply any rents towards the purchase price and/or do not set the selling price in the lease, I should be compliant. I have never done a lease option and don't plan on doing anymore. What am I missing? I plan on working with a real estate focused lawyer from my state but trying to be as informed as possible. Thank you for your time.
- Joe