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Colorado Real Estate Q&A Discussion Forum

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Ruben Banuelos
  • Real Estate Agent
  • San Marcos, CA
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Lease Options Contracts

Ruben Banuelos
  • Real Estate Agent
  • San Marcos, CA
Posted Jul 9 2018, 20:39

Hi everyone, 

I'm currently trying to negotiate a contract for lease option with a seller. I have pulled 2 documents to use as a reference, however, I keep running into lawyers that don't seem to know very much about how to write one up. Does anyone have any firm recommendations?

Thank you. 

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Skylar Simpson
  • Specialist
  • Salem, OR
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Skylar Simpson
  • Specialist
  • Salem, OR
Replied Jul 9 2018, 21:09

Ya you'll find that a lot of lawyers and other professionals will be clueless on real estate.

All you need is

1) A rental agreement - you can find these usually pre-made in your city. I have a shop in my town that has all sorts of legal documents for $5-$10 per.

2) Option agreement - You can find these also at the same type of shop

These two documents MUST be separate documents. DO NOT have a combined version or you may regret it.

If all else fails and you cannot find these at a document shop near you then search for a "real estate laywer" and they SHOULD be able to create these at an insane price.

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19
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Ruben Banuelos
  • Real Estate Agent
  • San Marcos, CA
6
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19
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Ruben Banuelos
  • Real Estate Agent
  • San Marcos, CA
Replied Jul 10 2018, 05:58

@Skyler Simpson,

Thank you very much for your input! Regarding the shops, how would I go about looking for them near me, specifically, ones that are legitimized? 

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Sarah Knight
  • Denver, Co
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Sarah Knight
  • Denver, Co
Replied Jul 13 2018, 06:19

Nathan Osborn is really great and he works with whatever money situation you're in.

Message me for his #.