WHICH AGREEMENT DO YOU USE?

General Real Estate Investing
1

When you do a sandwhich and your dealing with the seller, do you get a lease agreement and an option agreement.

When your are dealing with your T/B, I know you get both documents?

I just want to know if you can get just a Lease Option Agreement with the seller?

I have Ron Legrands Lease Option agreement, but it is only one agreement.

When do you record the option.
When you get if from the seller or the T/B.

Thanks

2

Hey Certified FMM,

When doing a L/O sandwitch with the seller and the T/B. I always do BOTH Lease Agreement and Option Agreement with both! This will protect yourself, AND protect the SELLER!
Note: This is just a recommendation, its all on how you get the property and making the seller go for it!

You should notarize and record the option as soon as the option is signed by the seller.

I think your asking if you should record it after the T/B signs… No, your already controlling the house prior to the T/B going in on the deal!!

Hope this helps alittle!!

Good luck!!!

MONEY!!!

3

Thanks Money-Money-Money

Where did you get your paperwork from!

4

Hey Certified FMM,

Glad I could have helped. You can get L/O forms over the net. Heres just a couple sites you can look into;

www.1stoplegal.com
www.USLegalforms.com

You can also contact an attorney who has experience in L/O in your neck of the woods to help you out on this!!!

Good luck!!!

MONEY!!!