Neither document should mention the other--lease is a lease only, option to buy is only an option. 

If you plan to do this, best to tell your lender so they can document that you own the LLC so title stays the same. 

They went belly up and now are getting personally sued. someone sent this to me the other day that I posted in another group as well: Document List (state.ny.us) - I will also add I am in note investing and a famous guru who now has around $2M +/- in judgments against them used to have large conferences and would charge for it.

If so, is this something I can get a template of online or do I need to seek one of these documents from an attorney to then present back to attorney signed by both parties to then draft a formal contract?

Request a detailed list of documents and information from the seller, including financials, leases, contracts, capital expenditures, surveys, environmental reports, open permits, and the Certificate of Operations.2.Physical Property Due Diligence.

If you think you like the opportunity I would then ask for other documents to verify the expenses, including utility bills and Income and Expense statement.

The key factor is ensuring you have proper documentation to support all the transactions, deductions, and income reported.

It’s essential to document who is responsible for what payments and how they will be handled to avoid confusion down the road.Feel free to ask more questions if you need clarification!

Seller Financed: I don't see any verbiage in the loan document that made me think this is personally guaranteed.

Hopefully they won't delist you since you took action and updated your listing right away.Is it possible to collect the fee up front, then document the vehicle information upon arrival?