Legal Question in Real Estate Law in Florida

sellers + and - to lease option home and buy another

i am selling my house (purchased march 2002) and buying another with property awaiting for this house selling. I have someone interested in lease option house for 2 yrs and 10,000 down to use for closing new house. Buyer is friend who wants to change leased house to 3bd 2ba and sell split profit after expenses minusd. what plus and minus of selling by lease? what should I be sure it states? florida laws--anything special to protect me needed? Any tax issues, irs, homestead, etc...? Thanks in advance


Asked on 10/02/03, 12:15 pm

1 Answer from Attorneys
Peter Gonzalez Sanchez-Medina, Gonzalez, Quesada, Lage, Crespo, Gomez & MachadoLLP

Re: sellers + and - to lease option home and buy another

It would be difficult to fully explain the issues you should be concerned about and how to address them in the appropriate documents in the context of an answer to a question in this format. It appears that you need to actually retain an attorney experienced in drafting real estate contracts and leases. I am happy to discuss the matter with you. Good luck.

Read more
Answered on 10/02/03, 12:29 pm


Related Questions & Answers

More Real Estate and Real Property questions and answers in Florida