Sandwich Lease Option

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Hi all. I am new to the REI world and had a question. Is it legal to do a sandwich lease option in the state of Georgia. A real estate agent friend of mine told me that even though it goes on in Georgia, it is not legal. If is isn't, what is the reason why. If it isn't explain as well. Thanks for any info you can give me. smile

Kyle Dye
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Comments(3)

  • thomasgsweat29th September, 2003

    You know, I cannot see how it is illegal if your agreement gives you the right to sub lease.

    Ask a RE attorney. Go to a REI meeting and find out what's going on.

    I did them a few years ago in Atlanta and didn't give it a second thought. I think that you are speaking with someone who isn't very REI knowledgable.

  • DaveREI1st October, 2003

    check with local laws..

    but there sure are a lot of real estate guru's living in georgia....

  • allandinger1st October, 2003

    I am not from Ga but I do not think l/o are illegal in any state that I have heard of. You really should go to a rei meeting they would know.

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