buyer/tenant installs parking lot in a lease option?

General Real Estate Investing
1

I am pursuing a house to lease option and there is a possibility to earn more money by turning the backyard into a parking lot. It is on a college campus right in the heart with no parking…How would I fit this into the lease?

1)So I want to lease a house for a few years with the option to buy around the third
2)while i am leasing I want to rent spaces in his backyard for students to park and walk to class

2

You will have to get the owner’s permission in writing to make any alterations to the property. Also, you may need a zoning variance from the city as well as business occupational licenses.