Add eSign Simple One Page Lease Agreement Template with airSlate SignNow

Sign Rent to Own Agreement electronically

okay guys on this video I'm just gonna go over briefly how to complete a one-page lease option agreement I like this one it's very simple and straightforward I think I acquired this one from Joe McCall if I'm not mistaken thank you Joe and again it's something it's only one page so but it covers everything if you run into a situation and I always say run things by your attorney but just for the sake of getting it done I would recommend getting this one-page lease option agreement completed send it to your attorney if he wants a more formal more detailed purchase and sale agreement completed just for your protection that's fine but get this one done first I found that when you have sellers commit you know consistently or if you get them to commit lease on one agreement they'll commit to the next one so just get it done and you know your attorney or real estate agent can determine hey you know what we need more protection let's get another one yeah you can do that too but this will work in the meantime so on the top you'll see the heading reads residential lease an option to purchase agreement underneath that you have the buyer slash tenant which would be yourself and/or your company and/or a sign so if you decide to assign this one obviously it's assignable the date and then underneath that you have the seller for slash landlord um now the seller or the landlord should be the owner but to be sure that that's why you're gonna do a title search to make sure that the person that is lease option approach in fact the owner and/or has authority to do so also you want to make sure there's no liens that could be a deal killers that are attached to the property but you know primary purpose is to make sure that the seller is the owner on record for the property underneath that you're gonna list the property address so whatever the address is street address state city state zip below that you have the least section residential lease so you're gonna put whatever the lease amount the rent amount that you've agreed upon with the seller so if you agree nine hundred dollars a month you're gonna put it there if you reach a thousand you're gonna put it there typically what I've run into is most sellers are variable to this renting the property for what they owe on it so whatever the mortgage balance is you know nine times of the ten they're agreeable to doing it for just about some others may want a bit of a spread obviously that's negotiable underneath that number two is the lease term so if you have a lease term of 12 months put it here or 24 months or 36 months I I recommend getting as long as possible so if you can get it for...