We buy and sell lease option properties
We facilitate the contracting of lease option properties on behalf of our clients
What is Rent to buy?
‘Rent to buy’ is a simple lease option agreement allowing a potential buyer to rent before they buy.
In rent to buy agreements, the lease option contract gives the tenant buyer a legal right to buy the lease optioned property at an agreed price within a certain time period.
The areas of negotiation between tenant buyer and seller:
- The future purchase price for the property (fixed over the term of the contract)
- The term of the lease option (perhaps 3 to 6 years)
- Value of the Option Premium (from £1 upwards, subject to negotiation)
- The monthly rent (which remains fixed throughout the term of the contract)
What are the benefits to the seller for using a lease option?
- A lease option can be put in place quickly and easily, but a sale can take many months even if a buyer can be found.
- The Option Premium is paid by the tenant buyer at the start of the contract. If the property is not purchased at the end of the contract term, then the seller keeps the Option Premium.
- The tenant buyer is much more likely to take good care of the property since it will be viewed as a home rather than a place to live.
- There is no void period over the term of the agreement - continuity of rental income.
How can we help...
Please contact us to discuss:
- Renting one of our own or client properties with a lease option
- Renting out your property to a potential buyer with a lease option
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Lease Options (Rent-to-buy)