Hi guys, Samuel Leeds here. Today, I wanted to give a little bit of information on lease option agreements and the paper that you should be using. Additionally, I want to discuss the structure of these agreements and how they work. If you're actively looking for lease option agreements or if you're interested in buying properties without using any money, then this video might be helpful for you. First and foremost, what is a lease option agreement and do they really work? Yes, absolutely. I have built up a significant portion of my property portfolio through lease option agreements. In fact, just in the last three weeks, I have secured three lease option agreement deals. These agreements are fantastic. For instance, I did one back in 2012 and as of now, in 2017, I have been making a profit of £350 per month without putting any money down. Over the course of five years, this cumulative capital appreciation has amounted to £55,000, making it an excellent deal. Now, let's talk about the paper you should be using. I have seen many people who have taken my property investors crash course, learned about lease option agreements, and successfully secured some agreements. They effectively take over the mortgage and start making money every single month, which is great. However, they often neglect to draw up the paperwork properly. This can become a problem later on. You don't have to do all the paperwork yourself, you can take it on and make money from it, which is fantastic. However, after three, five, or seven years, whenever you come to buy the property, if you haven't had the seller legally represented by a solicitor and had a bespoke contract professionally drawn up for the lease option agreement, it can cause issues. Property prices rise over...
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Horse Lease Agreement with option to purchase Form: What You Should Know
Not all agreements are created equal. An agreement will have a higher level of security if there have been prior discussions with both parties and both parties can verify that the agreement has been adhered to throughout the agreement. In the event of any discrepancy between the agreement and the facts, the contract is voidable and therefore, ineffective. Some of these documents are not meant to be used in any court proceedings. Do not attempt to enforce any of these documents in any manner. The use of this type of agreement is purely for informational purposes. Pets For the purposes of this Agreement, the term “Pet” includes, but is not limited to (without limitation): 1. Any dog or cat owned by the Lessee or by the Owner and which is under Lessees control and which is physically kept at the residence, barn, stable or any part thereof at the Lessees residence; 2. Any dog or cat at the Lessees residence which is under Lessees physical control and which is not physically kept at the residence, barn, stable or any part thereof at the residence at the time that the Agreement is executed. Owners of “pets” must maintain records of their animals. This includes the animals name and address. For the purpose of this contract, when any information is included about the animals (e.g. “I have two dogs under my control that are under my physical control, not including the shelter dogs”) it must be included on that same animal record as it appears on those records at the time the Agreement is entered into. The owner of such a record must allow LESSEE to obtain such information on at least a monthly basis. This is a mandatory requirement under this standard contract. Cattle The term “Cattle” means any animal kept for the purpose of producing live stock or cattle feed. “Cattle Feed” includes but is not limited to any feed of any type including, but not limited to, grain, hay, forage, silage and composted plant material; and also includes any animals which are kept in a state and condition of good health or kept in a state and condition of suitable cleanliness for cattle.
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