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Updated almost 10 years ago on . Most recent reply

Laila M.'s profile image
Laila M.'s profile image
Laila M.
  • Rental Property Investor
  • from AL
  • Member since Feb 27, 2015
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Laila M.'s profile image
Laila M.'s profile image
Laila M.
  • Rental Property Investor
  • from AL
  • Member since Feb 27, 2015
Connect
Laila M.
  • Rental Property Investor
  • AL
0
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11
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Real Estate Deal Analysis & Advice

first sale on lease option - terms?

Laila M.
  • Rental Property Investor
  • AL
Posted

Hello, I am selling my first house as a lease option.  It was a straight rental, so I am familiar with that paperwork, but looking at the lease option contract, I think I may be forgetting something...

Those who give rent credits, i have heard to not call it that in the contract.  Is "discount on purchase price" better verbiage than "rent credit"?

Do most of you use a 2 year term?

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