HELP !!!!!!!!!!! PLEASE!!!!!!!

mjdreal profile photo

Hell-o all

I was just need ing to know what agreements I use in a L/O deal between me and my seller, right now I'm reading Ron Legrands L/O course and in it he has his Lease agreemnet with option to purcahse,,the only thing is that tere is no place to put a binder deposit,,,,,,,,can you give me some advise please...I'm at your mercy........ Thaks for all your help,,,,MD surprised

Comments(3)

  • telemon25th November, 2003

    I would do a search on google for lease/option and you will get a boatload of hits with boiler plate documents. Look them over and find one you like, or find a clause that you want to incorporate into your document and do just that.

    The internet, quite a tool.

  • thomasgsweat25th November, 2003

    I am not familiar with Legrands forms however there should be a place in the Option agreement for Consideration. This is what you are giving your seller in consideration for the option to buy.

  • InActive_Account25th November, 2003

    I've perused LeGrand's material. While I don't specifically recall his forms, I'm certain there's a place to put "option consideration" (not called binder deposit).

    Now, the point is, have the sellers asked you for money?? If not, dummy up.
    Almost all options state,"For $10 and other valuable consideration-------. That's the option consideration you were looking for. If they demand more then negotiate and put that amount on one of the blank lines usually found on any option form.

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