Florida Contract of Sale and Leaseback of Apartment Building with Purchaser Assuming Outstanding Note Secured by a Mortgage or Deed of Trust

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Multi-State
Control #:
US-00654BG
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Word; 
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Description

This form deals with a sale of an apartment building. The purchaser is paying cash plus assuming the outstanding promissory note secured by the first deed of trust or mortgage covering the property. At the closing of the sale, the parties enter into a lease agreement with purchaser leasing the property to the seller.
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  • Preview Contract of Sale and Leaseback of Apartment Building with Purchaser Assuming Outstanding Note Secured by a Mortgage or Deed of Trust
  • Preview Contract of Sale and Leaseback of Apartment Building with Purchaser Assuming Outstanding Note Secured by a Mortgage or Deed of Trust
  • Preview Contract of Sale and Leaseback of Apartment Building with Purchaser Assuming Outstanding Note Secured by a Mortgage or Deed of Trust
  • Preview Contract of Sale and Leaseback of Apartment Building with Purchaser Assuming Outstanding Note Secured by a Mortgage or Deed of Trust

How to fill out Contract Of Sale And Leaseback Of Apartment Building With Purchaser Assuming Outstanding Note Secured By A Mortgage Or Deed Of Trust?

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FAQ

Recoup Your Investment One of the most significant advantages of a sale-leaseback agreement is that an SLB allows a property owner to get every penny out of their home that they have already put into it (and then some.)

In a sale-leaseback transaction, the seller of the asset becomes the lessee and the purchaser becomes the lessor. A sale-leaseback enables a company to sell an asset to raise capital, then lets the company lease that asset back from the purchaser.

A sale and leaseback is a transaction where the owner of an asset sells the asset and then immediately turns around and leases the asset back from the person who purchased it. In the real estate industry, leasebacks are common.

In a sale-leaseback, the seller's risk is the investor's profit. In today's market the investor often is acquiring the asset at a reduced market value. But depending upon the structure of the leaseback component, the investor is likely to recoup its investment at a premium.

In a sale-leaseback, sellers can convert illiquid assets into cash while still retaining use of the properties. Essentially, the user sells the property to an unrelated third party and then enters into a lease for the property for a mutually agreeable term or time period. Many companies use net leases.

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Florida Contract of Sale and Leaseback of Apartment Building with Purchaser Assuming Outstanding Note Secured by a Mortgage or Deed of Trust