12 month Lease option detail!!!
1 Reply
Chad Roelofs
posted about 2 months ago
Hello everyone,
I live in California and need help with a lease option. I will have a lease option, purchase agreement, and standard lease. The lease option is for 2 years.
My question is: can I execute this lease option in month 7-8. I worry about the Fannie Freddie guidelines. Do they require you to go at least 12 months? Thank you. Hope you can help.
Michael Carbonare
Investor from Fort Lauderdale, Florida
replied about 2 months ago
@Chad Roelofs You are the tenant/buyer in this deal? Unless there is something in the option to purchase agreement stating otherwise, you can exercise that option at any time during the option period.