Shar NJ 1 Report post Posted October 27, 2011 Any info on doing a SLO on a multiple unit? I have been doing well with CA's on single family and condos, it would be great if I could incorporate multiple units as well. Contacts=leads=contracts=SUCCESS! Share this post Link to post Share on other sites
lhenley 8 Report post Posted October 27, 2011 I think a Master Lease is what you would need to use. Lynn (FL) Share this post Link to post Share on other sites
MichaelC 160 Report post Posted October 27, 2011 Hello, Sharyn. If you're asking if a lease option could be done on a multi unit, the answer is yes. As Lynn said, you would obtain a master lease and then sublet out the individual units. Share this post Link to post Share on other sites
jakeduvall 5 Report post Posted October 27, 2011 Hello, Sharyn. If you're asking if a lease option could be done on a multi unit, the answer is yes. As Lynn said, you would obtain a master lease and then sublet out the individual units. Would you have a separate Option Agreement with the homeowner? Share this post Link to post Share on other sites
MichaelC 160 Report post Posted October 27, 2011 Hello, Sharyn. If you're asking if a lease option could be done on a multi unit, the answer is yes. As Lynn said, you would obtain a master lease and then sublet out the individual units. Would you have a separate Option Agreement with the homeowner?If you're doing a sandwich lease, it's beneficial to have the lease and option agreements combined as one. Puts you in a stronger position should any legal issues arise. Share this post Link to post Share on other sites
