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RESIDENTIAL LEASE WITH OPTION TO PURCHASE THIS AGREEMENT MADE and entered into on this day of by and between hereinafter called Lessor and hereinafter called Lessee hereby leases to Lessee his/her heirs or assignees the premises situated in the city of County of State of legally described as upon the following terms and conditions 1. Option to Purchase In consideration of the Lessee meeting all obligations as stated herein under this lease the Lessor hereby grants the Lessee an option to...
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Lease Agreement Terms and Conditions: The premises are leased for an initial term of thirty (30) consecutive years to the lessee, Lessee; at intervals of not to exceed thirty (30) years at the end of which time the premises are to be sold for property improvements which shall be valued at Ten percent (10%) of the total value of the premises during the thirty (30) year lease term. 3. The Initial Term and the Termination Term: The premises are leased from and for the term of lease from the Lessor up until the closing date for the initial term; provided that when the sale of the premises is made the remaining lease terms will revert to the ownership of the Lessor. The initial term of lease, shall commence on the date the sale is made and continue for one (1) year from the closing date thereof or until the sixty-first (60) year anniversary date thereof. The lease terminates on the sixty-first (60) year anniversary date or on the earlier date provided for in Section One or one (1) year after the sixty-first (60) year anniversary date unless extended in whole or in part by mutual agreement of the parties. The term of lease will automatically terminate 30 days prior to the 60th year anniversary date or the expiration date, whichever occurs first, if the Lessee fails to fulfill the terms of the initial lease for at least fifteen (15) days prior to the expiration date. When the Lessee fails to furnish the premises to the Lessor for the required period of time, or the Lessor fails to take title to the premises in accordance with the law and regulations thereof, the Lessee shall be obligated to make up the rental amount due the Lessor, within the time fixed in Sections Sixteen (16) and Sixteen (17), of this Article, plus all late charges and accrued interest, within 15 days after receipt of written notice thereof to that effect from the Lessor, who may then proceed to commence a claim for rent as provided in Section Sixteen (12). However, upon such notice being given, the Lessee may request that the notice be disregarded and that he/she commence a claim. All claims shall be dealt with in the same manner as such claims are dealt with in any proceeding to enforce this rent ordinance.
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Hi this is Brian gibbons you may know me as the REI skills and REI skills coach com I want to welcome you and happy new year and happy holidays I hope everyone has a wonderful holiday with their families I just want to ask you a question are you making enough money every month and I mean every month are you having a lot of aggravation in your real estate business are you trying to do wholesaling or short sales, and you just can't get the right pieces of a puzzle to move well let me tell you there's another little well known secret it's called lease-purchase consulting and that's what I do and that's what I trained you to do how would you like to be able to talk to just a buyer in just a seller and that's it how would you like to get referrals from financial planners and attorneys that will send you their clients because their clients can't sell in this buyers market that's what I train you on how to do you can make between five and ten thousand dollars in a house and guess what in about seven hours work and that's it now do the math seven into five thousand dollars is how much how would you like to make 250 to 500 dollars an hour how would you like to not need private lenders not need joint venture partners not have to deal with flippers not have to deal with you know finding cash buyers you don't have to do any of that all you're doing is acting as a middleman, and you're going to help the seller sell and get top sales price for their house and no closing costs and also no sellers concessions and no price reductions the sellers love it well what about the buyers how about somebody that just missed getting financing, and they can't take advantage of these low rates it's very hard to get a mortgage today, so we help somebody that's got a small business, or they just can't get financing, and they need just a little of time to be able to get their mortgage we're matchmaker we put these two together we act as a principal with the seller, and then we sell our agreement to the buyer we flip a lease purchase agreement sound good okay this is what you need to do fill out the form it's simple and have a conversation with me, it takes about 10 or 15 minutes how much does it cost well I don't know, but I'll give you a quote, and then we'll help you build a business some people need a lot of coaching some people don't it depends on what you need, but I look forward to helping you make between five and ten thousand dollars a month every month in this buyer's market in this non lending market do you think the change of presidents is right now because President Obama just got reelected do you think that's going to change FHA lending guidelines I doubt if I think it's going to get tighter and this recovery is not going to happen until credit loosens up and that's why I'm very excited about 2013 being an exciting time for real estate investors to be able to work from home and help sell or sell on terms at top sales price in helping a buyer by on terms, and...