Hi everyone,
Back again with another q. What is the length of time you typically ask for from the seller for the option agreement when you are going to do a CA? Do you ask for a 2 year option agreement? And of course i know to just have the residential lease be for 1 year. Wanted to give the t/b's enough time to be able to purchase the home so i thought a 2 year option would be good. Any thoughts?
Thanks,
Rosanna
Full Version: Length of option agreement for a CA
Rosanna, from a t/b's perspective, longer is always better. But most homeowner's are agreeable to a 12 month deal. That's what I stick with generally, but you should always ask if they are open to a longer term lease, emphasizing that it makes their property more desirable and marketable.
QUOTE (MichaelC @ Jan 30 2010, 10:43 AM) 
Rosanna, from a t/b's perspective, longer is always better. But most homeowner's are agreeable to a 12 month deal. That's what I stick with generally, but you should always ask if they are open to a longer term lease, emphasizing that it makes their property more desirable and marketable.
Thanks Michael!
Rosanna,
My experience with most FRBO is that they prefer a longer lease (up to 5 yrs).
BEV!
My experience with most FRBO is that they prefer a longer lease (up to 5 yrs).
BEV!
Ask for as long as you can, then back down if you have too.
Lynn (FL)
Lynn (FL)
QUOTE (BEV! @ Feb 17 2010, 01:39 PM)
My experience with most FRBO is that they prefer a longer lease (up to 5 yrs).
Wow! How much extra are you getting from the t/b for such great terms?
This is a "lo-fi" version of our main content. To view the full version with more information, formatting and images, please click here.