Michael, I agree with you completely. I believe if we can make the deal quicker, simpler with less paperwork to the seller the better. As you said, since I am a licensed broker here then there would be no problem in drafting a 2 or 3 page contract indicating to the owner or landlord what my services will be, my fee and other terms and conditions instead of being in the middle with a lease, option contract and assignment agreement. Now to deviate this topic to out of state transactions where I or many others do not hold a real estate license I wonder if we can expand your consultation agreement to indicate that we would help the seller by consulting, marketing and advising to find a tenant/buyer. Once a tenant/buyer is found then there would be no need for assignment agreement, the Owner and Tenant/buyer will get into contract directly and we would just get paid for our consultation on the side again without being in the middle. Less liability, less paperwork, less hassle and headaches, don't you agree. Plus it would much simpler to explain to any seller that you are a lease/purchase specialist who would be a consultant in helping them find a tenant/buyer then explaining to them that you first need be the tenant/buyer first, with an option to purchase then you will assign it all to a third tenant/buyer. Regarding your statement as to the seller seeing themselves as paying a commission to us that really should not be an issue since from the start the seller will know that our fee is paid directly out of the option fee from the tenant/buyer whatever that fee maybe once negotiated upon. I believe but not sure that if we expand on your consultation agreement to indicate specifically what our services will be with all fees, terms and conditions this would a more simpler and faster approach compared to Leasing, Optioning and Assigning. One will not have any interest hence there would be no interest to option, less legal hassle should anything go wrong between the owner and tenant/buyer down the road.
