Question Details

Adela Picar, Real Estate Pro in Brisbane, CA

I am looking for some who know about lease option to buy.

Asked by Adela Picar, Brisbane, CA Wed May 7, 2008

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Per Nicole Briggs at CAR: (California Association of Realtors) lease-option is utilized when a potential buyer wants to lease or rent the property with an option to buy it at a later date. The potential buyer pays separate consideration for the option to purchase at a later date to remain open for a specified period of time. If the potential buyer does not exercise the option, or does not purchase the property within the option time period, then the potential seller keeps the option consideration and retains the property. Good Luck. CIndy Vedder
0 votes Thank Flag Link Wed May 7, 2008
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