New to lease option Assignment can some one explain how to do the assignment. The stuff on youtube does not show the TEXAS LEASE OPTION ASSIGNMENT AGREEMENT.
And know one covers the Assignment agreement fully on youtube Its all very vaque.
Can some one walk me thru the assignment details step by step in layman Terms.
And where can I find these agreements especially the Texas Lease option Assignment agreement.
John Jackson is the goto guy in Texas for lease options. He can be found on youtube and he has two websites I know of but you can easily find him on YT or Google. He has all the contracts needed to do just about everything for L/O in Texas. And he knows the law better than most attorneys unfamiliar with the change in the laws.
@G W. @ G...oh whatever....the assignment don't change because you are in TX
Just the contract and verbiage...
Aren't lease options basically illegal in Texas? There are some strict rules to follow with severe penalties.
Shanequa J., Vantage Investment Properties | (713) 481‑2468 | http://www.housesbyvip.com | TX Agent # 655962
No, lease options are not illegal in Texas. They are now regulated more so than in the past and the penalties for violating the regs are severe, but L/O's were never made illegal.
I meant to say the Assignment DOESN'T change..
There are many goofy rumors about LO's in TX because the requirements are written into Title 2 CH 5 which also covers contract for deeds.
The 2 main items for LO's are the seller must have fee simple title and if there is a mtg the seller must give the buyer the mtg info, and send an auth to release to the mtg company, so the buyer can verify the payments are made.
ok i have a house that im gitting under contract with now,in hopes to find a buyer i can assign my contract too now.but the buyer will be a quilifide tenant buyer family.
and i told seller i would find a tenant buyer.
oh and its a lease option
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