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Updated over 6 years ago on . Most recent reply
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Lease Options Contracts
Hi everyone,
I'm currently trying to negotiate a contract for lease option with a seller. I have pulled 2 documents to use as a reference, however, I keep running into lawyers that don't seem to know very much about how to write one up. Does anyone have any firm recommendations?
Thank you.
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Ya you'll find that a lot of lawyers and other professionals will be clueless on real estate.
All you need is
1) A rental agreement - you can find these usually pre-made in your city. I have a shop in my town that has all sorts of legal documents for $5-$10 per.
2) Option agreement - You can find these also at the same type of shop
These two documents MUST be separate documents. DO NOT have a combined version or you may regret it.
If all else fails and you cannot find these at a document shop near you then search for a "real estate laywer" and they SHOULD be able to create these at an insane price.