|
Customer Retention with a Personal Touch
Personal contact with customers is a crucial element in the success of any new business – and it’s one of the most common casualties of growth. As a company grows, the president tends to fade away into his or her office. That can lead to loss of...
How to Sell Your House By Lease Options
How to Sell Your House By Lease Option Many people buy a house then have to move within a few years, due to divorce, relocation or financial difficulties. Without any equity though, it can be nearly impossible to find buyers and you still have...
Nine Steps to Delegating Effectively as a Business Owner
If you’re a business owner, you can’t possibly handle all of your company's work directly. That’s why effective delegating is one of the most vital skills you can possess. In fact, it’s absolutely crucial to your success. Consider these words by...
Sharpen Your Writing With Structure
At some point, every serious writer is forced to sit down and conclude that there is something seriously wrong with their work. It wanders; it is pretty in some spots and horribly ugly in others. It doesn't always make sense, and is uneven in...
The 11 Best Money Saving Ideas of All Time - Part 2
At any time in history, no matter what the current state of the economy, no matter what the current trends, no matter what the unemployment rate is or where interest rates lurk, some money-saving ideas stay true.
Some of you may have heard...
|
|
|
|
|
|
|
|
Understanding a Lease Agreement
So you are interested in starting a real estate broker business but you need a refresher on some
of the legal terms associated with the real estate industry. You
have come to the right place to review the ins and outs of a
lease option and a lease agreement. Unfortunately many people
mistakenly assume that a lease agreement and a lease option are
the same thing. If you are going to broker any real estate deals
and be successful in your broker business then you should
understand the difference between the two terms.
Lease Agreement
If you have ever rented an apartment or house in your life then
must likely you had to sign a lease agreement. At the most basic
level a lease agreement refers to the contractual agreement you
entered into and signed when you applied for the rental unit. In
this sense a lease agreement is a binding legal contract that
must be adhered to. The two parties forming this legal contract
are of course the person actually renting the dwelling to live
in and the person renting out the dwelling. A typical lease
agreement will include the standard terms and conditions for
renting the apartment.
For instance, one of the biggest issues of a lease agreement for
an apartment revolves around the length of the lease. The
landlord will want to lock you into a contract for at least 6
months if not a year. On the other hand as a renter, you likely
will want a lease that is month to month which offers you more
flexibility. The length of the lease agreement is often
negotiable and will have to be decided upon before signing the
lease agreement.
The lease agreement will also include the monthly payment amount
as well as the rules for renting the space. A lease agreement
might preclude one from owning pets. Typically the lease
agreement will outline the condition of the apartment and what
appliances are included, if any. It will also cover who is
responsible for paying for the gas, phone, electric etc.
Lease Option
A lease option is much different from a lease agreement. In
fact, many times a lease option might be included in the actual
lease agreement. Just as one might assume, a lease option grants
the renter an option. In this case the option that the renter is
granted is the option to actually buy the dwelling outright at
some point in time.
For example, a renter might sign a lease agreement that includes
a lease option to buy the house after 2 years of renting for a
set price, say $150,000. Agreeing to this option does not mean
one is obligated to buy the house after 2 years at the stated
price. Rather the lease option serves as just that, an option to
buy the house according to the agreed upon terms.
It is not uncommon for renters to not exercise their lease
option. If the housing market has taken a hit in the last two
years then the lease option price of the house may not be
competitive and the renter will be motivated to shop around for
a better price.
Adam Smith is an internet marketer for 10X
Marketing. You can learn more about the real estate market and
your potential cash flow from OneMinuteMillionaire.com
About the author:
None
|
|
|
|
|
Finance - Leases-Leasing Ezine Articles |
EzineArticles.com allows ezine or email list publishers to upload or download free expert content that can be used within email newsletters or websites. |
ezinearticles.com |
  |
Finance: Leases Leasing Articles from EzineArticles.com |
http://ezinearticles.com/?cat=Finance:Leases-Leasing Free Content For Your Ezine or Website http://creativecommons.org/licenses/by-nc-nd/2.0/ Why use your ... |
ezinearticles.com |
  |
Leases Leasing - Money & Finance Articles |
Leases Leasing - Money & Finance Articles. Money & Finance | Accounting & Payroll | Bankruptcy | Business & Loans | Credit Tips | Currency-Trading ... |
www.article99.com |
  |
Finance » Leases Leasing » Absolute Article Directory |
Absolute Article Directory: Finance, Leases Leasing. |
www.absolutearticle.com |
  |
- Leases-Leasing |
By David Springer | On January 29, 2006 | In Leases-Leasing | Rated. Short on cash, but need equipment? Consider leasing what you need. ... |
www.articlebar.com |
  |
Leases Leasing |
You are here: Article Directory arrow Article Directory arrow Finance arrow Leases Leasing ... Leases Leasing. Articles ... |
www.rumorist.com |
  |
Long Term Car Rental Italy Auto Rentals Leases Leasing Rome Milan ... |
Long Term Car Rental Italy Auto Rentals Leases Leasing Rome Milan Florence One Way Paris London Frankfurt Madrid Lisbon. |
www.ideamerge.com |
  |
europe car rental leases leasing one way rentals long term renault ... |
pictured is the Renault Laguna Estate, With Renault tax-free, short-term auto leasing you get the exact, brand-new vehicle you reserve, plus unlimited miles ... |
www.ideamerge.com |
  |
Private Fleet - Finance, Insurance, novated leases, leasing, CHP ... |
New Car Broker Australia. Private Fleet sales discounts on your new car purchase, no haggle, no hassle saving $1000s off all new and used cars for private ... |
www.privatefleet.com.au |
  |
Projector Leases, Leasing Companies for LCD, DLP, LCOS projectors |
Projector leasing programs and services. Choose a company. |
www.projectorcentral.com |
  |
Category: leases-leasing |
Category... leases-leasing. Results 1 - 3 of 3. Search took 0.01 seconds. Page 1 of 1. Buy or Lease: Which Automobile Transaction is Better? ... |
www.articler.com |
  |
John Dellagnese & Associates: offices, officespace, lease, leases ... |
It takes two companies to bring you the premier Corporate Property Development group in Northeast Ohio: the talents of John Dellagnese and Associates ... |
www.dellagnese.com |
  |
John Dellagnese & Associates: offices, officespace, lease, leases ... |
Welcome to our Tenant Login Page. * Forgot your password or haven't received one yet? Email us tinah@dellagnese.com or call 330-668-4000 and we will reply ... |
www.dellagnese.com |
  |
The-Arts-Magazine.com - Leases-Leasing |
Home arrow Article Links arrow Finance arrow Leases-Leasing. Main Menu ... Mosets Tree. Leases-Leasing. Listings. There are 0 listings in this category. |
www.the-arts-magazine.com |
  |
OmegaMotors.com - Your Money - Leases - Leasing Overview |
Blue Book retail & trade-in value reports on used vehicles. Kelley features prices on used cars, trucks, street and dirt bikes, ATVs, scooters, ... |
www.omegamotors.com |
  |
Entertainment Guide - Leases-Leasing |
Sunday, 03 December 2006, Home arrow Article Resources arrow Finance arrow Leases-Leasing ... Mosets Tree. Leases-Leasing ... |
www.entertainment-resource-directory.com |
  |
- Leases-Leasing |
Mosets Tree. Leases-Leasing. Listings. There are 0 listings in this category. spacer.png, 0 kB. spacer.png, 0 kB. download joomla modules download joomla ... |
www.healthcare-resource-guide.com |
  |
FINANCEDEPARTMENT.COM- Finance, Mortgages, Leases, Leasing ... |
Finance, Mortgages, Leases, Leasing, Brokerage Houses, Mortgage Lending. |
www.financedepartment.com |
  |
vehicle leases leasing guide and facts |
vehicle leases leasing guide and facts. Under the federal Consumer Leasing Act, you, the consumer, have a right to information about the costs and terms of ... |
www.shopperfavorites.com |
  |
- Leases-Leasing |
spacer.png, 0 kB. spacer.png, 0 kB. Home arrow Article Resources arrow Finance arrow Leases-Leasing. Mosets Tree. Leases-Leasing ... |
www.cars-directory-guide.com |
  |