Lease Option Agreement Memo
If you are undecided on the purchase price, length of lease option term, or monthly lease payment, simply type in “To Be Determined.”
, hereafter known as “Seller,” will allow DiGiovanni Real Estate, hereafter known as “Buyer,” to lease option the property at:
Purchase price to be: (Note: It doesn’t matter much to us what price you put in here…We can probably get you market value, or a little better. However, please note, if you price it too high, we may be unable to find a buyer)
Term of Lease Option to be:
Monthly Lease Payment to be: paid monthly in advance, starting the day the Tenant moves in. (Note: We should be able to get you market rent or a little higher)
The term of the Lease Option to begin as soon as Buyer acquires a Lease Option Tenant for property.
This Lease Option Agreement Memo will be assigned by Buyer to a new Lease Option Tenant.
Seller has the right to approve new Lease Option Tenant.
Seller may use the Buyer’s Lease Option Agreement forms or may use a form that Seller chooses when Tenant Buyer moves in.
Seller may cancel this agreement at any time if they find their own tenant or decide not to sell. Buyer’s intention is to find a Lease Option Tenant and assign this Lease Option Agreement Memo to that Lease Option Tenant for a fee. Lease Option Tenant will then pay Seller the monthly lease amount until they exercise their option or until they end the option term.
Seller agrees to allow Buyer to put a sign in the yard, advertising the property for sale. If Buyer does not acquire a Lease Option Tenant to assign this deal to within 90 days of acceptance of this Lease Option Agreement Memo, this memo becomes null and void.
Important Disclosure: BUYER IS A PRINCIPAL IN THIS TRANSACTION. ALTHOUGH ONE OR MORE MEMBERS IN BUYER’S ORGANIZATION ARE REAL ESTATE AGENTS, BUYER DOES NOT REPRESENT ANYONE IN THIS TRANSACTION BUT OWN SELF.
Enter your primary email address
Enter your daytime phone number
Enter your evening phone number
Leave this empty:
Your legal name
Signed by Michael DiGiovanni
Signed On: December 22, 2018
If you have questions about the contents of this document, you can email the document owner.
Document Name: Lease Option Agreement Memo
Agree & Sign