shell1ton 0 Report post Posted August 23, 2006 Hi, first post on here, sorry it's such a simple question. I did search the titles for property and taxes but couldn't find this addressed. I just want to verify that the seller is responsible for property taxes until the lessee exercises their option to purchase. Is this typically negotiable? I guess a little background would be in order.I'm looking at a group of resort rentals, and I'm pitching a 12 month lease/option to the sellers at 5% down, and 8% payments, with 50% applied to remaining principal when I exercise the option.Trying to estimate the cashflow before I commit.Thanks. Share this post Link to post Share on other sites
MichaelC 160 Report post Posted August 23, 2006 Hi shell1ton, and welcome to The Naked Investor.I just want to verify that the seller is responsible for property taxes until the lessee exercises their option to purchase.This is correct.Is this typically negotiable?No, it isn't. Although if both parties were agree to some other setup, it could be done. But I just don't see too many buyers agreeing to pay property taxes on a property they don't yet own. Share this post Link to post Share on other sites
shell1ton 0 Report post Posted August 23, 2006 Thanks for the quick response.As a buyer, I agree with this arrangement. Share this post Link to post Share on other sites
