Updated over 9 years ago on . Most recent reply
Lease Purchase Agreement - Florida
Hello,
This is my very first post and I would like to thank any comments or guidance any of you may provide.
I own a property in central Florida and had not been able to sell it for the amount I wanted. Someone is interested in renting and living in the property with the option to purchase, however, I have not been able to find a contract I should use as the potential seller. I intent to provide the tenant/buyer two different agreements(I read somewhere it should be two separate docs); First, the normal Rental Agreement for six months (which I already have a template) and Second, the Purchase Option Agreement with all the important info needed.
I'm just a little lost on what the second agreement should have, or not have, and if I am able to eliminate the option for the tenant to reassign to someone else later on and how can the two documents should be tied together, if at all.
Once again, thank you for any guidance, comments and/or assistance.
- Ralph