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Thanks for all of your responses guys
The gentleman became bankrupt due to a marriage break up.
He is set to make roughly $60,000+ this fiscal year, and seeing as he is the manager for the company where he is working, they subsidise his rent payments. He has said that his company is willing to lease the property back from him (i.e. a sub-lease/sub-assign clause will be included in the contract).
He seems pretty certain about this, but I’ll get a letter from the employer anyway regarding this matter.In regards to the Lease contract, the local WA State Law Publisher sells blank lease documents which have (or hopefully seem to have the main required clauses under the Tenancies Act with room for additional clauses. Now as long as I get a Lawyer to quickly check over the contract, then this method should be alright as well, yeah?
Thanks guys for your help, I’ll talk to you later
Regards,
Nathan
Hi Terry,
With a Lease-Option, what are the expenses that an investor must pay in order to have the property?
Where do I find the documentation to complete a lease-option?
(Or can I just draw up my own lease using blank legal documents from the State Law Publisher)Thanks heaps,
Nathan