Short Form Lease Option Agreement with Sellers

99 Responses to Short Form Lease Option Agreement with Sellers

1. Alonzo Garcia says:

   February 24, 2016 at 9:31 pm

   Right ok this is for the sandwich lease, where can I find the Coop Lease Option contract?

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2. David Jackson says:

   March 7, 2016 at 11:07 pm

   David Jackson

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3. David Jackson says:

   March 7, 2016 at 11:08 pm

   LET THE GOOSE LIVE..

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4. Jesus Espinosa says:

   October 27, 2016 at 2:34 pm

   how you close a sandwich lease option
   my seller wants
   $570k purchase price lease option
   $450 monthly payment
   2 years lease option
   beautiful house gated community
   help please

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5. Jim Langendorf says:

   January 5, 2017 at 6:45 pm

   This is a Canadian slanted document. “Provincial” authorities §5(B), “solicitor’s trust checque.” There must be an American version in here somewhere. Just be advised that if a clause is questioned in court, the judge will go against the party who wrote or offered the contract, i.e., YOU.

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6. Noor Rahmani says:

   February 7, 2017 at 3:19 pm

   Thank you Ron, this is Priceless…

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7. Timothy Manning says:

   March 20, 2017 at 5:35 pm

   Thanks for the form. It covers EVERYTHING.

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8. Robert Black says:

   March 27, 2017 at 6:02 pm

   I’m confused about what to take to the FSBO to sign to get the deal started. I understand that you need the form with the table of contents ( Real Property Possession and Lease Agreement) for ACTS deals and
   the other form for a Sandwhich Deal ( Lease Agreement With Option to Purchase Real Estate). What form do we use to meet with the FSBO seller to get started?

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   • Mark Burton says:

     April 25, 2017 at 4:08 pm

     Robert, I know it can get confusing. Here’s the rundown. There is 1 long and 1 short Lease Option form WITHOUT a table of contents to use with US sellers. There is 1 long and 1 short Lease Option form WITHOUT a table of contents to use with sellers in Canada. Depending on where you are and depending on your seller, you can use the long or short WITHOUT a table of contents. The long form WITHOUT a table of contents covers a little more than the short form WITHOUT a table of contents. Some sellers can get scared off by long forms. If so use short. Both work fine in tying up a house. But never use the long “table of contents” Lease Option form with the seller. The long “table of contents” Lease Option form is only used with your buyer (whether you stay in the deal… sandwich lease option, or you assign your deal… ACTS) since it has a lot of provisions protecting you and anyone else you might assign it to. NOTE ON ASSIGNING DEALS: Ron and The Wolff Couple, and many other investor-teachers are now advocating that we stay in nearly every pretty house deal we get under contract. Even deals that would have been ACTS deals that we would have assigned just a few years ago. If it’s worth assigning, it’s worth keeping. If you can think of examples that contradict that last statement then you are probably about to describe a deal that Ron would call a “golden turd” – remember that Ron wants us to gather the low-hanging fruit. Sure you can make a little bit of money on marginal deals, but in the same time you spend on the marginal stuff, you could be working on the easier stuff (with less effort, hassle, liability, costly entanglements, etc) and making more money in the long run.

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9. Mark Burton says:

   April 25, 2017 at 3:31 pm

   Canadian version. The tip off is anytime you see the word solicitor (paragraphs 14&20) instead of attorney; or you see the word cheque (paragraph 14) instead of check.

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10. Nathan Lumpkin says:

    April 28, 2017 at 8:38 am

    Where does it state in this form that we are able to walk away from the deal at any time without being held to the terms? Is it in Section (2) where we state our intent to terminate the Lease/Option with the Seller?

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11. Joe Roach says:

    June 21, 2017 at 1:01 pm

    Hoping to use this again and again, thank you!

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12. Max Lamriben says:

    June 25, 2017 at 4:11 pm

    I see this thread has been dormant since 2015. Time to revive it!
    Can someone from the Gold Club please see about categorizing these forms better?

    Reply
13. Tylus Stewart says:

    July 16, 2017 at 12:42 pm

    Where can I find the “Real Property Possession and Lease Agreement” ACTS for buyers please?

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14. Michele Rok says:

    July 17, 2017 at 3:23 pm

    This is the form I need taking with me to the seller after seller agreed to terms and we meet for first time. I will fill out but submit to my attorney fir further interest in my direction.

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15. Kevin Smith says:

    July 17, 2017 at 9:11 pm

    Hello all,

    Working on my first deal. I have a couple of questions on the short form agreement. What goes in line 3 for the credit that’s applied to the purchase price.

    Not sure about line 9 not understanding whats suppose to go in the blanks.

    And last but not least line 13 Special provisions. I guess I can just leave blank if no provisions are needed.

    Any help would be greatly appreciated thanks.

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16. Christopher Doran says:

    February 15, 2018 at 12:41 pm

    Hi does anyone know why there is no option fee mentioned in this agreement anywhere please? Is it that the rental payment due is the consideration hwereas in a staright option agreement only there is no rental payment and so an option fee is necessary to act as the consideration? Thanks.

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17. Fernando Diaz says:

    June 3, 2018 at 9:59 pm

    I ya e see this in the past. Works great

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18. Katherine Golden says:

    November 15, 2018 at 7:35 pm

    where does it state how long we have to assign this to a tenant/buyer? I need 60-90 days to find tenant, and I am not seeing this at all.

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19. John Lepkowicz says:

    October 18, 2019 at 3:16 pm

    Thank you. Very straight forward and easy to understand for all parties involved.

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20. Phil Hewett says:

    November 17, 2019 at 5:08 pm

    Ron says in DVD to never use this unless taking in an LLC, that means you must have LLC before doing this kind of deal??

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21. Ashley Atwood says:

    October 29, 2020 at 2:33 pm

    I’m so grateful that I don’t have to re-invent the wheel!

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22. Isabella Lopez says:

    October 31, 2020 at 7:06 pm

    when i click on it,
    it takes me to an error page.

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23. Isabella Lopez says:

    October 31, 2020 at 7:09 pm

    hello!
    when i click on the link it takes me to an error page.

    Reply
24. Brian Benedict says:

    May 22, 2021 at 1:12 pm

    In the right of assignment #10 does this give the Tenant/Buyer the right to advertise this property? Including showings, lock box, key and right to advertise on platforms such as the MLS?

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25. Corine Judd says:

    September 3, 2021 at 8:36 am

    is this the first form we use with Sellers ?

    Reply
    • Matt Hess says:

      September 20, 2021 at 8:18 am

      Good morning! Your question has been answered in the following episode of ‘Ask Ron’.

      https://www.ronsgoldclub.com/resources/askron-best-of/2021-09-17-ask-ron

      Reply
26. William Welch says:

    January 9, 2023 at 2:58 pm

    There are so many necessary great forms here.

    Reply
27. tom tompkins says:

    February 24, 2026 at 8:43 pm

    I don’t see where the price I will pay the amount due on the mortgage when I pay off the sellers mortgage when I exercise my option? item 14 Price and terms. What if I still owe the seller money?

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28. tom tompkins says:

    February 24, 2026 at 8:46 pm

    Where does it say that my price will be the balance owed to the bank when I exercise my option? It 14 says I will pay to seller a price

    Reply