Lease with option to buy!
I am paying $2100 rent on some beach property, and I would like to have the first right of refusal to purchase this property. I would like to possibly do a ''lease with an option'' to buy and would like to know exactly how my rent is applied,if it even is, and how this would work. If I was to do a 2yr. lease and he raises the rent to $2400, how can this be applied if he agrees to do this. Thank you for all your useful information.
Asked on 3/16/07, 3:21 pm
1 Answer from Attorneys
Michael Ritter
Law Office of Michael H. Ritter
Re: Lease with option to buy!
This involves negotiation of a new lease to add the purchase option. I can help you draft the proposed new lease and handle negotiations with the owner.
Please contact me if you'd like to schedule an appointment.
Mike Ritter
Answered on 3/16/07, 4:43 pm
