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Lease Purchase Agreements Package Nebraska Form

Lease Purchase Agreements Package Nebraska Form

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[Music] hi this is Barry Miller attorney and president of the closing agent I want to talk to you about a lease purchase agreement in today's environment when interest rates are higher some buyers may not uh be able to get financing but they're they'd be a good buyer so let's look at Alternatives what we can do one of them is called a lease purchase agreement it's one document that say say we're going to lease the property to the tenant and then gives them a time period on which to close so let's say it's one year or two years they put down a hefty down payment that's non-refundable the buyer will be uh buyer tenant will maintain the property because they eventually going to be the owner they pay rent every month part of the rent can be applied to the purchase price that depends on what you all negotiate but this is a good alternative to get rid of that property property sell it along that may not be able to close

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