When assigning the lease option contracts. What are all the contracts that you would need to do it?
Can you just use a option agreement or should you use a option agreement, rental agreement, and a purchase agreement.
An Assignment agreement.herbster
Right! An assignment agreement is needed as well. So are you saying everyone that I have mentioned plus an assignment agreement, correct.
I’m thinking a Cooperative Assignment here where you and the seller do the Lease Agreement and the Option Agreement then you use the Assignment Agreement between you and the T/B and all parties sign it.
Now you pocket the consideration and you’re done. The seller and the T/B now have a deal where in the T/B finds financing before the Option time expires.herbster
Got it that makes sense. Would you do the same with commercial properties.
I haven’t done commercial props yet and did you get my PM?herbster