This form is a contract for the lease of real estate. The property and improvements are leased for use as a retail package liquor store. The lessee agrees not to use or permit the use of the property for illegal purposes. An auction, fire or going out of business or bankruptcy sale, may not be conducted in the property without prior written consent of the lessor. the lessee shall not permit overnight lodging in the property, or the solicitation of business by hand bills in the parking areas.
Contract Lease Real Estate For Sale
Category:
State:
Multi-State
Control #:
US-60946
Format:
Word;
Rich Text
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FAQ
How to write a real estate purchase agreement.Identify the address of the property being purchased, including all required legal descriptions.Identify the names and addresses of both the buyer and the seller.Detail the price of the property and the terms of the purchase.Set the closing date and closing costs.More items...
A Purchase Lease Option is a legal mechanism that allows someone to control a property and produce income from it, with the right to purchase the property at a later date, but not the obligation to do so.
A lease option is a legal agreement that allows you to control a property and generate income from it, with the right (but not the obligation) to buy it later. .
optiontobuy arrangement can be a solution for some potential homebuyers, but it's not right for everyone. If you're not certain that you're going to be able to purchase the rental home at the end of the lease period, you might be better served with a standard rental agreement.
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These agreements allow a potential buyer to occupy the seller's property for a period of time before completing the sale. What's more, the landlord generally prorates property taxes and building insurance.Typically, each tenant's share relates to their total leased square footage. This addendum is to be used when the property is subject to one or more residential leases.