A property lease option is a legally binding agreement/contract taken over a property that gives the option holder the right to buy, sell or rent the property at any time during the agreed period for the agreed price. During the agreed period the option holder will pay an agreed fixed amount of money every month for the right to control that property asset.

Given the current climate, property lease option is a very versatile and flexible tool.  As a strategy it gives you the freedom to exercise the option you have on the property or to walk away.

In a nutshell, a property lease option is a legally binding agreement. As an investor, you take over control of the property, giving you the right to buy, rent out, live in, or sell the property. We agree a timescale that the investor has as the option – this could be five, ten or even twenty years, and we also agree on the price.

During the agreed period the option holder can pay the agreed fixed amount – essentially babysitting the mortgage. As a result they have the right to control the property in any way they see fit.

It’s great if you simply want to dip your toe into the market, without the exposure to the current difficult economical climate we are in.

First Lease Option – DONE

We have just completed a Lease Option on a small property in the North East of the UK.  We have known about Lease Options for a while like most investors and we’ve been on training courses and done home study courses.  However we were still a bit reticent to move forward with one. There has been all talk of whether Lease Options are legal or not and that they won’t be worth the paper they’re written on when it comes to exercise them. Due to this we decided to work with one of the UK’s leading experts in Lease Options – Mark Jackson.  We work very closely with Mark and he has been so helpful to us in providing information to the site. We went to Mark to help achieve the Lease Option element of our property goals. We believe very strongly in mentors, it can save a lot of...
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Grow your wealth with simple lease options

 

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The Three Musketeers and Property Option Power Plays

Weve just heard that the three musketeers have decided to RE-OPEN for just twelve (12) hours tomorrow, so you have one final chance to get the 51 Property PowerPlays manual before the site is taken down FOR GOOD!

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Rent to Own for Tenant Buyers

Have you ever worn a PFD? A PFD can save your life, especially in stormy waters. Otherwise known as a life jacket, a Personal Flotation Device is designed to stop you drowning. It keeps your head above water. Selling property through a Lease Option can also be a life saver! Better than that – Rent to Own as a cash flow strategy can help get your feet back on firm ground! So how does Rent to Own work in practice? How can it benefit you? Selling on a Lease Option We all know property pays when its held; just as whiskey pleases the palate the longer its kept. So selling is not always the preferred route – after all a felled tree wont fruit. At times though, you need fuel to stave off the cold. You may need to sell. Or you may be so tired of treading water that you...
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My House is Yours, Wendy Patton Exclusive interview, 25% discount, Extreme Infestations, Bridging Finance, Home Staging, Rental up 2.7%

  We're really excited to be a partner with Tepilo and working with Sarah Beeny on lots of new tips and articles for you. Read Sarahs latest: My House is Yours   But we also have something very exciting coming, so watch this space and well reveal all soon! We have some great new blog posts over the last two weeks: Exclusive Audio Blog Interview:Wendy Patton talks about whether people are crazy to get involved with Lease Options Alecs review of the Manchester PNC meeting Real life landlord and 5 Lease Option ‘Powerplays’ Julies review of the Manchester pin meeting Save huge amounts of tax! How to find the perfect Property Development with Sarah Beeny Diary of a Land Finder Virgin! Also there is some great New Articles from our Experts: Colin Davison - 2010/2011 Tax Busting Checklist. Read the property section online or download the whole checklist. John Waddicker -...
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