All Topics / Hotch Potch / First time lease option

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  • Profile photo of cherylcheryl
    Participant
    @cheryl
    Join Date: 2003
    Post Count: 10
    April 23, 2004 - 12:33 am

    Hi all,

    I have a property in a regional town that is currently rented out. The tenant is moving on in June and I am considering doing a LO.

    I purchased the house for $87,000 in February and am wondering where to start with doing a LO.

    What is a fair asking price for the house, what rent do I charge, what is the first step?

    Thanks in anticipation.

    Profile photo of TerrywTerryw
    Participant
    @terryw
    Join Date: 2001
    Post Count: 16,213
    April 23, 2004 - 1:14 pm

    There are a large number of ways you could structure LOs.

    eg charge them $50 pw week extra rent and then give the tenant a discount onmarket value whne they purchase. it could be a dollar value ie double teh extra rent they paid as a discount, or a percentage value discount.

    There are other examples in Steve’s book.

    Terryw
    Discover Home Loans
    North Sydney
    [email protected]

    Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
    http://www.Structuring.com.au
    Email Me

    Lawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au

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