Arcus 0 Report post Posted June 17, 2005 Help! I have my first T/B exercising their option. I am not sure how to write their purchase agreement. Here are the numbers: option price 89,000option consideration 4,000rent credits 4,800 ______Sales Price 80,200 How do I treat the rent credits and option consideration? Are they listed as the down payment on the purchase agreement? This is a Texas purchase agreement. (if that makes any difference) I really could use any help or suggestions Share this post Link to post Share on other sites
MichaelC 160 Report post Posted June 17, 2005 No need to panic, Arcus. I suggest you contact one of the local title companies, tell them what you are doing, and ask if they can handle your closing. If they want your business, and they should, they'll walk you through this.Also, you might want to try another TX based board member who goes by the name of pilot76180. He's an active lease purchase investor, and a friendly, helpful guy, to boot. Share this post Link to post Share on other sites
mpine 0 Report post Posted June 17, 2005 I lend in Texas and have several lenders that can make these types of deals happen. If you need a hand write or call me. Best wishes, Mike Share this post Link to post Share on other sites
