Does anyone know of a good source for a lease option contract? Or do you have one that you use that I could start with and have my attorney review and make state specific? Jason
Here’s a MN lease: http://www2.mnbar.org/sections/real-property/forms/leaseopenerv4.htm (you may want to review this and may want to take some of this and add to your actual lease)
Here’s a generic lease w/ option to buy contract: http://www.buyincomeproperties.com/html/BuyerLeaseOption.html
Again, you may want/need to add some MN specific language to it as seen in the example from the Minnesota State Bar Association above. You’re attorney can help you with your revisions and make sure everything is legal for MN.
Plenty more forms for other needs: http://www.buyincomeproperties.com/FreeRealEstateForms.htm (not all are as great as they could be but may serve as a good guide.