sarge006 1 Report post Posted February 13, 2013 While my first Pure Option on a fire-damaged duplex is still in the works---I have another opportunity to do a CONSULT on a lease purchase. My question is what 2 forms do I use. I know about the " Consulting agreement"--but which Option To Purchase Agreement do I use and what Residential Lease Agreement do I use?? Any other pointers would be very helpful. Thanks Guys!! Share this post Link to post Share on other sites
lhenley 8 Report post Posted February 13, 2013 How much are you charging the seller as a Consultant? Lynn (FL) Share this post Link to post Share on other sites
sarge006 1 Report post Posted February 13, 2013 One months lease pymt Share this post Link to post Share on other sites
MichaelC 160 Report post Posted February 13, 2013 How much are you charging the seller as a Consultant? Lynn (FL) Wow! A Lynn (FL) sighting! Good to see you around again, Lynn. Share this post Link to post Share on other sites
MichaelC 160 Report post Posted February 13, 2013 While my first Pure Option on a fire-damaged duplex is still in the works---I have another opportunity to do a CONSULT on a lease purchase. My question is what 2 forms do I use. I know about the " Consulting agreement"--but which Option To Purchase Agreement do I use and what Residential Lease Agreement do I use?? Any other pointers would be very helpful. Thanks Guys!! Sarge, if you're doing a consultation, the forms you provide the homeowner depend upon the type of deal they are doing. (They can also opt to use their own paperwork if they prefer). But assuming they are doing a traditional Rent To Own, they would use the Residential Lease Agreement, (not the CA Residential Lease Agreement), and the Option to Purchase Agreement. Share this post Link to post Share on other sites
sarge006 1 Report post Posted February 13, 2013 Thanks Mike--This is new territory for me again----nervous but excited !!!! Share this post Link to post Share on other sites
sarge006 1 Report post Posted February 13, 2013 Some other questions---- Should consulting fee be a cashiers check or just a regular check? Do I leave Documents w/him to take to his Lawyer? Is his payment to me prior to our initial meeting? Share this post Link to post Share on other sites
lhenley 8 Report post Posted February 13, 2013 Thanks Michael. Lynn (FL) Share this post Link to post Share on other sites
MichaelC 160 Report post Posted February 13, 2013 Some other questions---- Should consulting fee be a cashiers check or just a regular check? Do I leave Documents w/him to take to his Lawyer? Is his payment to me prior to our initial meeting? You are always paid in advance when doing a consultation, so a personal check would be fine. If the check is rubber, your consulting stops before it gets started. Ultimately, though, you decide how you want to be paid and let it be known in advance. If he wants to have his attorney look over the paperwork, no problem. After he pays you, they are part of what you are providing. Share this post Link to post Share on other sites
