How Many Contracts Should Be In A Lease Option To Purchase?

How many contracts should be in a Lease Option to Purchase?

Comments(3)

LeaseOptionKing6th December, 2006

A Lease and Option combined for the Seller. A separate Lease and Option for your Tenant/Buyer. Plus some other less important paperwork.
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SKrei6th December, 2006

Can you please explain the logic behind just one contract with the seller (and not seperate Lease and Option).
Regarding the wordings is the foll correct:
Landlord/ Tenant on Lease
Seller/ Buyer on Option
LeaseOptionKing6th December, 2006

Because it grants you equitable interest. No, you would use the terms Optionor and Optionee. You would not want Buyer or Seller anywhere on there.
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