Lease Questions For First Deal

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What do you do if you have a landlord who wants to give you a lease with option to buy but there is already a lease on the property? Are they able to do this? Do I have to wait until thier lease is up?

If the tenants in there now are interested in purhcasing and I want to sublease it to them with option to purchase do I just have them do a new lease? How do we get rid of the other lease?

If the tenants do not want to purhcase how do I go about that? Ok enough questions already.

Any help is appreciated
oh oh

Comments(2)

  • 64Ford8th September, 2003

    What are the terms of other tenatns lease? Are they month to month?

  • allandinger9th September, 2003

    they have a year lease.

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