Are Lease options in Texas legal?
Hey guys I've read a lot about creative ways i could use lease options but then i heard that you can't do it in Texas. Can someone please clarify if Lease Options are illegal ? Thanks
They're not illegal but the legislature doesn't like them and recent changes to the law make them very risky for the seller. I wouldn't consider doing one without having an attorney draw up the contract.
@Phillip Dill @Fred Heller is exactly right. They are not illegal but if you are planning on being "creative" with them I would suggest you just sign the property over to the buyer and don't look back.
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