It is easier to evict the tenant for non-payment of rent, and there are some other benefits to do the lease and option to purchase separately.
Consult your attorney
Why would you want to do that... If I am reading it correctly you are both selling something where the proceeds must be reported to the IRS which mean youre paying tax on income youre not receiving.
Quote:
On 2005-10-15 21:34, willissleepdog wrote:
Do anyone know where I can download a lease to own contract, for free?
There is a form sample "Lease to purchase Option":
http://www.ilrg.com/forms/lease-to-purchase.html
Professional investors do 2 separate contracts:
1) Lease agreement (free form for OK):
http://www.ilrg.com/forms/lease-res/us/ok
2) Option to purchase
you can purchase the form, i.e., here:
http://www.nupplegal.com/optopur.html
It is easier to evict the tenant for non-payment of rent, and there are some other benefits to do the lease and option to purchase separately.
Consult your attorney
Good point about separating the two agreement. Thanks for the tip!
You completely misunderstand the mortgage security instruments.
Please, consult your attorney. It is in your interest to get information.
Why would you want to do that... If I am reading it correctly you are both selling something where the proceeds must be reported to the IRS which mean youre paying tax on income youre not receiving.