eXTReMe Tracker
  ● how to get rich

how to make money with real estate options_24

Author: how to make money with real estate options

How a Lease and Option Transaction Works

Here is a step-by-step outline of the mechanics of a lease and option transaction:

Step 1: The lessee (tenant) agrees to lease a property from the owner (lessor).

Step 2: The lessee buys a real estate option from the lessor to purchase the

property under lease.

Step 3: The real estate option grants the lessee-optionee the exclusive, unrestricted,

and irrevocable right and option to purchase the property under

lease at a fixed purchase price during the option period.

Step 4: The lessee-optionee can assign or exercise the real estate option or

let it expire.

Step 5: Once exercised, the real estate option agreement turns into a bilateral

purchase agreement, in which the lessee-optionee becomes buyer and

lessor-optionor, the seller.

Step 6: The seller transfers the property's title to the buyer when the transaction

is closed.
-
http://digg.com/users/howtogetrich/profile http://www.furl.net/item.jsp?id=17368111 http://www.furl.net/item.jsp?id=17368110 http://www.furl.net/item.jsp?id=17368112 http://reddit.com/user/how-to-get-rich/ http://reddit.com/user/how-to-get-rich/saved.rss
how to get rich
Powered by BlinkList