KYTiger 0 Report post Posted May 11, 2009 Is there a document where I can release my interest in the sandwich lease back to the seller? So that, I am out of the deal. Also, the setup is between the seller and tenant/buyer. Thanks,David Share this post Link to post Share on other sites
Guest Diver Report post Posted May 11, 2009 Tiger, There is a Release of Option form in the pinned thread up above. Read it please. Diver Share this post Link to post Share on other sites
Jonathan RexfordFL 8 Report post Posted May 11, 2009 If you are in the middle already just do an assignment of contract back to the seller. If you have not completed your lease option agreement then a mutual standard of release will do. Share this post Link to post Share on other sites
KYTiger 0 Report post Posted May 11, 2009 Tiger, There is a Release of Option form in the pinned thread up above. Read it please. Diver I thought that release of option was for pure option situations. So, I assume that I can use this to release me from the sandwich lease as well. David Share this post Link to post Share on other sites
KYTiger 0 Report post Posted May 11, 2009 MY Bad. I saw where they talked about the cancellation agreement in the lease option. So, Is it best for the closing attorney to write the cancellation agreement or can I? David Share this post Link to post Share on other sites
MichaelC 160 Report post Posted May 11, 2009 Play if safe this first time and explain to your attorney what you are doing. Have him prepare the necessary doc. From then on it's your's to use in similar situations. Better to pay a little now rather than a lot later. Share this post Link to post Share on other sites
