Tenant Buyer Service
I seem to recall that there is a company, based out of Las Vegas I believe, that has a large database of tenant buyers that you can tap into for a fee.
Anyone have any idea the name of the company?
Thanks in advance,
You need to clarify your question. Both are the same, but the consideration should be yours whether you are the Owner or T/B (from the Seller), as in a sandwich lease.
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"A deal is only as good as the quality of your Contracts." --Me[ Edited by LeaseOptionKing on Date 05/12/2006 ]
Hello,
I am back. I have done some research and talked with some brokers. I understand a lease/option is a contract from the day of lease. The lease may be as short as 6 months. The rent to own is a rental with an seprate aggreement to buy The option spells out the terms and require a security deposit not an option(earnest money) deposit. Is this about right?
No, there would still be option consideration. And most likely a security deposit as well.
[addsig]
Hello,
Thank you. I got it the rent/lease contract resquiresa security deposit. The option contract requires an option fee ( a non refundable earnest money deposit). The tenant buyer may be allowed a % of the monthly pymts to go toward the option fee. Now have I got it right?