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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Farmland lease option Posted by Sara_CA on August 17, 2006 at 2:15 PM In Reply to: Farmland posted by Sara_CA on August 14, 2006 at 9:33 PM Thanks to all for your thoughts. I am uncomfortable making the second mortgage for my buyer now. What about lease option? I get some rent and option money, until he can finance with a bank? What do I need to look out for here? I want to get rid of the farmland. I know I need to: 1. Make two agreements. One for lease, one for option to buy. 2. If he is one day late with payments, option contract is canceled. Money not refundable. 3. Must leave property in a clean condition if he does not buy. 4. Price of purchase is determined by future apraisal value. What else? Are there any disaster lease option stories you don't mind to share? Thanks again. Thanks you for this forum. Follow Ups: Re: Farmland lease option Joseph 9:38 AM, 08/18/06 (0) Farmland lease option Bill H 3:20 PM, 08/17/06 (0) Post a Followup: Name : E-Mail : Subject : Comments: : Thanks to all for your thoughts. : I am uncomfortable making the second mortgage for my buyer now. What about lease option? I get some rent and option money, until he can finance with a bank? : : What do I need to look out for here? I want to get rid of the farmland. : I know I need to: : 1. Make two agreements. One for lease, one for option to buy. : 2. If he is one day late with payments, option contract is canceled. Money not refundable. : 3. Must leave property in a clean condition if he does not buy. : 4. Price of purchase is determined by future apraisal value. : What else? Are there any disaster lease option stories you don't mind to share? : Thanks again. Thanks you for this forum. Optional Link URL: Link Title: Optional Image URL: [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

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