Sell Your Rental Property Easier
Get the highest return on your investment and eliminate potential disputes.
Use a Lease with Purchase Option.
The right tenant could make an ideal buyer when the time comes to sell your rental property. But you need to address an important issue first: What's the right language for an option to purchase clause in the lease?
Whether you're looking to sell to your current renters or you found a buyer who doesn't qualify for a mortgage right away or can't afford a big down payment, a lease with purchase option may be the right way to go. Of course, your first priority is to protect yourself and prevent a profitable opportunity from slipping through your fingers.
You could hire a lawyer and pay thousands in fees to walk you through the process.
But for just $9.95, you can get the exact same legal protection and create your own agreement that's binding and recognized under the law.
Get legal protection with this do-it-yourself agreement from Socrates.
That's right — for just $9.95, you can protect yourself, your property and your investment with a legally compliant Lease with Purchase Option from Socrates — the nation's leading provider of tools and services to individuals and small business owners, and an expert on the legal issues involved in real estate transactions.
The Lease with Purchase Option does the hard work for you and spells out the relevant details in an up-to-date, air-tight document: purchase price, down payment, closing date and more.
You'll get an attorney-approved agreement that you can customize to fit your own situation.
Use it to lease a condominium or house with the option to buy.
The Lease with Purchase Option looks out for you in key areas:
Payment
Duration
Funeral Requests
Security deposit
Parking
Subletting
Damage to premises
Utilities
Maintenance and repairs
Find answers to critical questions before they come up:
What's the proper procedure for handling returned checks?
How do you negotiate the terms for pets?
When can you inspect the premises?
What happens in situations of default or abandonment of the premises?
What's the correct language for an Opt-Out Clause?
Under what conditions should the premises be surrendered?
Selling your rental property can give you a tidy windfall if it's handled properly. Make it easy on yourself and stay within the boundaries of the law by using the Socrates Lease with Purchase Option. Find out how to handle make-or-break issues: What does the law say about radon gas disclosure notices? Lead paint? Severability? Insurance? Are heirs bound by the terms of the agreement?
For just $9.95, the Lease with Purchase Option guides you through this tricky terrain in a clear, step-by-step, legally binding document.
The agreement has been reviewed and approved by qualified attorneys and real estate experts. It's the next best thing to having a lawyer at your side — only you avoid paying high lawyer fees.
If the Socrates Commercial Lease Agreement doesn't make your next transaction run smoother, let us know within 30 days and we'll gladly refund your money.
For only $9.95, you can turn your rental property into a nice chunk of change and have the law on your side, too. Download your agreement now!
