Lease Option /Assignment ??

Posted on: Fri, 11/05/2010 - 13:13

curtisfillers's picture

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Lease Option /Assignment ??

I was hoping the DG Family could shed some light on this question.
If you find a Motivated Seller and you put (his/her) home under contract with a Lease Option can you turn around an Assign the contract to another buyer,even though its a Lease Option?
Any input is greatly appreciated.

Thanks
Curtis Fillers
(Charlotte,NC)

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Posted on: Fri, 11/05/2010 - 13:34 #1

TrustPoint's picture

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Yes

The good news about lease/options is that they are very versatile. As long as you have an assignment clause (or at least assignment language) in your contract, it can be assigned. Hope that helps.

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Posted on: Fri, 11/05/2010 - 13:53 #2

curtisfillers's picture

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Lease Assignments

Thanks Bill, I do appreciate that.
I see you are in Cincinnati, My Mother was born and raised there, went to Univ of Cincinnati.Always nice to hear from someone in the area.
Thanks again for your response.

Take care
Curtis Fillers
(Charlotte,NC)

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