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Buying on Lease Options Making Fortunes in Lease Options Manual 2014 Wendy Patton Control without Ownership Series By Wendy Patton Buying on Lease Options Table of Contents Section 1: Forms & Instructions

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What is buying on lease options?

Buying on lease options is a real estate investing strategy where a buyer purchases a property by agreeing to lease it for a specific period before exercising the option to buy the property at an agreed-upon price.

Who is required to file buying on lease options?

Typically, both the buyer and the seller involved in a lease option agreement are required to file the necessary paperwork to document the transaction.

How to fill out buying on lease options?

To fill out buying on lease options, both parties need to include key details such as the property address, lease term, purchase price, option fee, and any other important terms of the agreement.

What is the purpose of buying on lease options?

The purpose of buying on lease options is to provide flexibility for both the buyer and seller in a real estate transaction, allowing the buyer to control the property without immediately purchasing it and giving the seller a potential buyer for their property.

What information must be reported on buying on lease options?

Information such as the property address, lease terms, purchase price, option fee, payment schedule, and any other relevant terms must be reported on buying on lease options.

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