Believe it or not, I've talked to several attorneys & agents that doesn't have a clue what lease options are.Once the tenant/buyer has been qualified & approved, paid the option fee, signed a general release, and the seller signs a general release and the assignment agreement, you're out of the deal.  

Good Morning,I know I'm late to this post but, I did want to ask if you ended up renting to them and if you did 1 more counter maybe extending to 4 years with a rent increase to market level?

Up to you whether you want to accept or not.Sales 101 and Law of Reciprocity - if you give something, you should get something.I have extended contracts several times.

You give some one a 12 mo lease that is extendable, and a 12 month option.  

. :-)  Funds wont be released until they all RECORD simultaneously...no funds disbursed for a partial recording....and how much is disbursed to which escrow company once they have recording numbers??

Then the money is secure but not spent in advance in case of emergency and the tenant must vacate - extended out of the area medical treatment, care of inlaws or locates employment. 

He did not have to search the internet to try and find a good deal and risk being stuck managing a foreclosure, he got 8.5% for 12 months and can extend once he is comfortable, if he wants, but with no obligation.When we sell a series of front end payments any remaining payments go to us after the contract term is up and our investor is fully paid so we have an interest in making sure the note fully performs.  

Consider to capture the increase, you may need to re-lease the property.

Hi Everyone,Just curious if anyone would be willing to share their contract release in the event that a contract is unassignable?

It is hard for me to take extended time off, but I can generally take a day to go fishing when I want, volunteer at school, make it to all the kid's sporting events, etc.3) Another strong point.