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Lease Options Knowledge Base

Lease Options? How do I sell my lease option and profit from it? Wat can I do with a lease option with seller financing? Can I do a double closing?
How do lease-options on houses work? Many real estate agents are already pushing lease options during this current market correction? Is this a good idea? Is this safe for the average consumer? Or is it a necessary evil for those who have lower credit.
where can I find info on doing lease options in the Canadian market -- and which real estate agents can help? I will be attending a two-hour workshop on lease options, but am a beginner real estate investor. Would anyone know of any reputable brokers/agents in Toronto who work with clients on lease options?
What is the difference between a Land Contract and a Lease Options agreement? My cousin is a Real Estate Investor and he is trying to help a family sell there home. They told him that they do not want to do a Land Contract, because they are afraid they won't qualify for a mortgage? Is there anyway for them to get around this? Also, he said when he spoke to them on the phone, He mentioned a lease option, not a Land Contract. How could he explain the difference? What do you think would be the better option, a lease option or a land contract? Why do you feel that way?
Can landlord change leasing options without letting tenants know that a certain lease will no longer be avail? I have lived in my apartment in Indiana for 2 years and every 6 months have signed a 6 month lease. My lease is up soon and I want another 6 month lease to sign since I am going to be house hunting soon. The manager of my apartment complex is saying that they no longer offer 6 month leases. Can they eliminate the 6 month option without giving the tenants notice that they will no longer be accepting them? I feel like they are "bullying" me into signing a 1 year lease!!!
Are there any good lease options in Southern California? I am seeking a 5 bedroom in Santa Clarita to place a buisness in so, I need space and a good price while the market flipflops.
Does anyone know homes for rent or for sale with lease options in Avenel NJ? I need a home for rent or a home for sale that allows lease options in Avenel NJ Quick
What does Lease Options means when choosing an aparment? what does Lease Options for 12 months means?
What are my options with the lease on my car? I leased a new BMW 2006 325i for $430.00 a month. I turned in my car and got about $2500.00 credit for it which I used towards the down payment. In addition I put down an additional $2500.00 in cash. My question is - the lease get's over in July, 2008 (It is a 2 year lease). I leased the car from the BMW dealership in Austin, TX. I now live in Palm Springs, CA. What happens come July? Where do I have to turn the car in? What if I want to continue to lease it? What if I want a new BMW? Basically, I want to keep my car payments around the same dollar amount and want to drive a BMW....what are my options? Will they cut me a break on either extending this lease or starting a new lease? What kind of a break? Which dealership am I dealing with - the one in Austin or the one in Palm Springs? Thanks for your help....
Can you share any tips about doing lease options, to be more specific...? About finding & qualifying good tenants, advertising, the terms to offer, etc...Any ideas & info is appreciated.
Are there lease-to-own options in hawaii for single familiy homes? I would like to know if there are lease-to-own options for buying a moderately expensive house in hawaii. IF so then how do they work does the owner carry is it expensive to do this in hawaii?
What are my options regarding the lease on my car? I wonder if anybody can help with this. I am currently leasing a Honda Accord, and the 3-year lease is up in 2009. I realize that breaking the lease altogether would result in penalties,etc, but does anybody out there know if dealers sometimes renegotiate and will end a lease on one car early if the customer wants to lease a newer car with the SAME dealer?? (ie I have a 2006 Accord-if I decide I like the new 2008 Accord and go to my Honda dealer, maybe they'd work something out for me if I pay a bit more to turn my old car in a year early and lease the new vehicle through them) And if there are still penalties with this, would they be less than if I broke my lease with them and went to a different dealer entirely?? I'd appreciate any information. Thanks!
What are my options for a lease with my girlfriend when she failed the credit check? My girlfriend and I are getting an apartment together. She failed her credit application and thus has to go on the lease as an occupant. I passed my check with flying colors and such we are getting the apartment. I would like to safeguard myself should something go sour in the relationship. Is there anythign I can do so as to protect myself? I have the money to cover the rent should someting go wrong but I would like to avoid that with a lease type document. Any suggestions would be greatly appreciated.
What payment options are there when buying out a car lease? My car lease is almost up and I think I'll be buying it out. What are my options going to be? Do I have to pay it all out at once? Is it possible to be financed for the buyout amount? How does it work?
What are my options when I was lured into signing a lease when we were suppose to be renting to own? One year ago this month we were lured into signing a lease on a property that was suppose to rent to own. I was told that we had to be in a lease a year before transfering it over to rent to own I was also told that the $6500 we have paid in rent would be counted torward the rent to own. However none of this has happened and I recently found out that the person that rented it to me is a real estate broker and he does not even own the house. What are my options Please Help! The only reason we signed the lease is because we were lied into it. I have documentation proving this.
What are my options when my lease is up? I have a lease with Chase Auto Finance through a Subaru dealership. My lease is set to end a year from now, what would my choices be when that lease ends? Can I sell it back? Buy it? If I can buy it do I still have to make payments to Chase Auto Finance? Who would I make payments too then, because I couldnt purchase the car in full. I would want to purchase the car and then sell or transfer the title to my father, but I cant do it under the conditions of the current lease I am in.
How to get out of a car lease? Any options? My buddy broke up with his fiance problem is he cosigned on a car for her? He told her that she needed to take his name off and completely and do it under her own name problem is she does not have any credit? What should/can he do to avoid bieng screwed over. is there anyway for him to get off the lease and make her pay for it? Thanks
what are the options for breaking a lease agreement? The lease is for a year and I have only lived here for two months.
I am over the milage on my lease and have 9000$ buyout - do I have any other options? I have a 05 malibu and am way over the milage - lease expires in Nov. As I see it I can either buy the car for 9000$ or pay more than that for the over milage penalty. Does anybody know if I have other options?
what are your options when your lease runs out on your car? im sure its different for everyone but usually what happens, sign a new lease , can you turn it in early? what if you modified it? stereo, speakers, etc.
What are my options for breaking a rental lease? Are the conditions set by my landlord? I need to move and my landlord has said that I need to pay out the lease (six months rent) to be able to move. I've heard of losing the deposit as the fee for breaking a lease, but I wasn't sure if there were laws around this. Paying six months rent seems a like a harsh penalty. Thanks.
How do you get out of a auto lease? what are the options? I am downsizing and will buy a used car. comments and suggestions welcome. thank you.
Is a lease option a good alternative to owning a home? My husband and I want to upgrade to a bigger home, but we don't have the money or enough equity in our current home to do so. We've thought about selling, using the profit to pay off debt, and make a fresh start by renting again, but I just heard about lease options. What are the advantages and disadvantages of lease options and what should I look out for considering one?
I want to return a car im leasing to the bank. Im 19 months into a 36 month lease. What are my options? Instead of falling behind on payments, I want to see if the leasing company would negotiate with me and take it back. What would be the best way to go about this?
i own a restaurant and just renovated it, owner doesnt want to renew lease, help pls dont know my options?? I have just renovated my restobar recently and spent quite an investment but was surprised to find out that the property has been sold and the sad part is the new owner doesnt want to renew my lease which expires in 3 months. My old lease says it is renewable that is why i didnt worry about renovating and spending some money. What can i do and what are my options any advice pls? Thanks.
Note left on apt door, lease options? I will try to make this short, came home today saw a note on my door (second note, first one I got 3 months or so ago) complaining about my dog (first note was same in natural) saying my dog barks etc, which he doesnt trust me. The note today actually said he was barking at 9am, he was with me hiking at that time so I know someone is messing with me. Now to my ?, what are my options in terms of my lease and the building I live. I have no clue who is leaving them altough I have a guess, but if this doesnt stop can I ask the building owner to void my lease since obvioulsy this isnt how I want to live. If I left early I would pay dearly for leaving before my lease is up. Thanks for any advise. Happy Holidays!! BTW I live in Connecticut if that might change the answer etc.
What options do I have for terminating a lease on a vehicle? A job loss and therefore change in income is making it extremely difficult to keep up with my lease payments. Do I have any outs?
What options do i have to help break a lease? I live in a complex owned by a major management company and i am wanting out of my lease we have had several large issues including bad carpet installation and the loss of a working hot water heater for close to 30 days. Are there steps that i can take to push them to let me out of my lease? Thanks for your help!
What is the meaning of a lease option in a rental contract in USA? We are looking to sell our home in Orlando, FL. A prospective tenant is seeking to rent the home for $ 1700 per month for one year with a "lease option" to buy at $425,000, which is amount we wish to sell the home for at this point in time. We live in the Middle East and do not understand the word "lease option".
Lease options...what should I offer? I am writing a lease option on a property that is free and clear. Of course I want as much monthly positive cash flow as possible. Should I initially offer an monthly lease payment that is just enough to cover the expenses, which would just be taxes and insurance since there is no mortgage. What is reasonable. Is this where you would start? Tell me about the best lease option deals you've been able to put together. Don't leave out any details, please. I'm the investor...I want to lease option from the seller and then sublease option, assign, sell, rent, to a tenant/ buyer...I want to make a profit...I am the investor. What is reasonable to offer a motivated seller who owns a property free and clear on a monthly lease option as an investor?...I am going to find a tenant/buyer, manage the property for months, manage the tenant/buyer for months, help the tenant/buyer secure financing, close the transaction etc. I am the investor. The middle man...The agent. Not the renter.
How exactly does lease option to buy work? I have around a 640 credit score. I still have a couple things to fix on my credit. I need to to a place by the end of the year. I will not have enough for a big down payment to buy. Is Lease option to buy the right way to go for my situation?
lease with option to buy vs. land contract.. what are the up & down sides to these options? I want to sell my house BADLY (my husband's ex-wife moved in next door). Can you tell me what is best for us as sellers?
What is a lease option and how does it work? I was going to approach one my tenants to see if he and his family would be interesed in moving in a house. I would buy the house and do a lease option.. What do you think?
I am selling my house with a lease option. How does a lease option effect your debt to income ratio? I am selling my house with a lease option. I am wondering if this will effect my debt to income ratio when I try to get a loan for a new home.
Has anyone ever done a lease option or rent to own deal on a new home? i was looking into lease options or a rent to own situation but don't know if they are a good deal or not for a 1st time homebuyer with poor credit.
Real Estate Lease / Options? What are the most common problems when lease/optioning a property?
How do you sell a house using a lease option agreement? I want to lease my home with an option to purchase. I want to know if I can do this by myself or if I need a realtor. I know how much I want for selling price, option payment and rent per month. Thanks in advance.
Lease Options in Texas? I wanted to see what the rules were as far as lease optioning in texas is concerned. Can I take up payments on someones home, turn around and lease option the property out to a renter/buyer? I know about the HB1823 laws, but I didn't see any more information since 2005. Is there anyone doing this?
What is the best source to find lease-option properties in Los Angeles? I am interested in finding lease-option properties in Los Angeles. I use Craigslist but would like to find many more sources. Is there a way I can access the MLS and search for LOPTs without using an agent?
Options for getting out of lease? I live in an apartment with a roommate and we both are on the lease. I'm thinking about moving out of the area and so now I'm wondering what my options are for dealing with this. He will be staying, so we're not trying to end it completely, I just don't want to move but still have to pay for my share of the rent. Can I get someone to take over it for me officially (like resign the paperwork) or do I do it under the table and unofficially sublease it? Any experience out there?
If you lease option a house out, who is resposible for the property management and repairs? When you lease a house out, with the option to purchase...who is responsible for the repairs and maintenance of the home, the owner or the person leasing who may or may not exercise their option to purchase?
Lease Option to Buy a Home Deposit in CA, Is this deposited into an escrow account? I am trying to fin out if in the state of CA, does the owner of a property who is offering a lease option to buy get to pocket the initial option to buy deposit or does it have to go into an escrow account until the sale of the house? Same thing with any additional amount above the rent, does this get deposited into an escrow account as well?
What are my neighbor’s legal options for getting termination of lease after her daughter assaulted? My neighbor got a termination of lease because while her teenage daughter was being assaulted by another neighbor's teenage kids, her daughter cursed at them. The neighbor's teenage kids attacked her with a pipe and knife, fondled her private parts, and threatened to rape her. Her teenage daughter is recovering from her injuries and is an emotional wreck. My neighbor is currently trying to get disability because she has a lot of medical problems and hasn't been able to work in over a year. This is low income housing and you cannot get low income housing again for 3 years after an eviction, and she has no where else to go right now because she doesn't have income. The landlord took the other neighbor's word for what happened because there were several people against her daughter even though the daughter had injuries. This other neighbor has been a problem since they've moved here and one of their kids has assaulted my own child and my daughter can't play outside since they moved here.
Do I need to have a notary present for the signing of a Lease Option Contract? Do I need to have a notary present for the signing of a Lease Option Contract?
I have two years left on a three year GMAC lease. What are my options for returning the car? The car takes too much gas, and I really can't afford it anymore.
What do you think my options are?My husband and I recently signed a lease for a house.? Not the greatest - older, needed a little cleaning, kind of ugly - but in great location n kids wont need to change schools. When I went to sign the lease yesterday, I noticed a few things that needed to be fixed. There were a few broken windows that the landlord said he had already ordered replacements for and some of the old tenants stuff was still there. I also noticed a dead roach behind the wallpaper in the kitchen. I told him of my EXTREME bug phobia and that I will NOT live with bugs. He assured me that the place was exterminated and was clean and bug free. Well, today when we went to move our stuff, there were roaches (dead and alive) everywhere, and roach droppings (which I previously thought was just dirt, as I had never had roaches before). He told me that he was gonna clean the place today, but I don't see how he can do it proplerly in 1 day and without running water or electric. I just want it done properly or my deposit money back. What do you think?
I am in a 5 year lease on an Acura MDX, paying $610/mo. I need a lower monthly payment. What r some options? I am 1 yr 10 months into the lease and have exceeded the mileage on it. I have decided I don't want to finish out the lease because I know the penalties will be high. I am ok with a domestic SUV. Is there such a thing as trading down on a lease? I am not inclined to the swapalease option, is there something else I could do?
me and my roommate cant afford rent anymore but have a lease. what are our options? is there any other options other than getting someone to pick up the rest of our lease??
What should a company maximising EVA use discount rate for evaluating buy vs lease option. Is it WACC or bank? Normally a company evaluating buy vs lease option will use its borrowing rate from the bank to discount the cashflows. However if a company's goal is to maximise its EVA, then for evaluation of lease vs buy decision, the WACC rate should be taken as the discount rate instead of the bank rate. Otherwise company may take a decision which may lowever its EVA. Please help me to solve this.
What is a lease option for renting/mortgage? I've just asked a Q about having bad credit and wanting to get a mortgage, some one answered and said i could ask the landlord for a lease option, could some one explain what this is pls? Also said to get the landlord to give me first right of refusal, well shes a very nice landlord and has already said she would love it if we could just buy it off her as she knows how much we love the house :) xx
Is it possible to do a 1031 exchange on a property which I plan to sell with lease-option / owner financing? I have a property/home in which I am putting on the market. If I sell the property on a lease-option to buy or owner financing, would I still be able to do a 1031 exchange? If so, then how and when (upon signing the contract or pay-off (2 years))? Please include details in your answer. I can also add details if more info is needed to the question.
Where can I find a home with a lease purchase option in Chicago? I'm planning on moving into my own place but instead of getting an apartment I would rather move into a home that would allow me to do a lease purchase or rent-to-ownbeing that I am the single parent of a 2 yr. old son and am taking care of my sick father. I just would like to have some research so that I could way my options
How is lease option consideration taxed? I leased / optioned a home and was given $5,000 in non-refundable option money.
How would a rent to own home lease option work if one of my roomates does not intend on buying the property? I plan on applying for a mortgage to purchase the house within 18 months. However my roomate only plans on staying for a year. How should the lease be written up, to be both legal and fair to the both of us.
I want to drive a new vehicle every year, how does the leasing options work? I want to drive a new vehicle every year, how does it work, How much do I have to give down every time I want to trade the lease in for a new vehicle?
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