Easily Insert Option Choice in the Contract Leasing

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How to Insert Option Choice in the Contract Leasing

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whats going on guys alex here and were back for another video excuse me um sorry for the wait im gonna try to do better with posting more content on this channel and in this video were going to go over how to fill out a wholesaling lease option contract this is the contract that you will use when you qualify a seller over the phone you meet with them in person and um you both determine then that you both want to move forward i even present this no matter what so basically i tour the property um eventually we get to a point where we sit down usually at the kitchen table and i go over the options with them on a separate sheet of paper ill probably do a different video for that as far as how i present the offers and then usually its a wholesale lease option all the way because weve already had a conversation over the phone so i know which one to use and its a one-pager just gets me permission to market the home youll see some to be determined in there because some of the stuff i

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What are the advantages of a lease option over a buy option?

You can get a great deal more for your money through leasing than by simply buying an asset, including the potential to upgrade your tech, schedule service and maintenance if breakages occur and even the option to buy at a docHubly reduced cost or sell the asset on for a profit.

What is the difference between a lease option and a purchase option?

The difference between a lease option and a lease purchase agreement is that the lease option only obligates the seller to sell. A lease purchase agreement commits both parties to the sale barring bdocHub of contract or the buyers inability to secure a mortgage.

What is the difference between a lease agreement and a lease purchase?

Leasing and lease purchases are really on opposite, fixed ends when it comes to ownership. With leasing theres no option to own the car, and with a lease purchase, youre obligated to buy.

What is a purchase lease option?

A lease option agreement is a property contract that allows you to take control and profit from a property. With the option to purchase that home for a predetermined price in the future. To enter into this type of contract, youll agree to pay a monthly lease to the owner. As well as an upfront fee for the contract.

What is a put option in a lease?

The lease contract contains a put option under which the lessor can require the lessee to purchase the leased asset at the end of the lease at a fixed price.

How do you exercise an option in a lease?

When and how is an Option exercised? That the tenant must give written notice to the landlord of their intention to exercise the Option; That the notice must be given during a particular period (usually between 6 months and 3 months prior to the end of the initial lease term); and.

What is the advantages of a lease option over a buy option?

You can get a great deal more for your money through leasing than by simply buying an asset, including the potential to upgrade your tech, schedule service and maintenance if breakages occur and even the option to buy at a docHubly reduced cost or sell the asset on for a profit.

Can I get a mortgage on a lease option?

Most mortgage lenders wont lend on properties with a lease under 70 years. Lenders want the lease to extend for at least 40 years after the end of your mortgage term so that the value of the property wont be affected. Values fall considerably as the lease gets shorter.

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Insert Option Choice in the Contract Leasing