Legal Question in Real Estate Law in Nevada

Re: lease option

You can negotiate any clause you want but it is unlikely to find someone to agree to a simultaneous closing clause.

Re: lease option

Assuming an all-cash sale and no enforceable prohibitions on assignment, I would assign the purchase option to your buyer, and have your $70,000 profit paid to you out of escrow.

Re: lease option

As long as there is nothing in your current agreement prohibiting your sale, you can do a dual escrow, you could do an assignment of your option, you could sell your option, or you can do a simple purchase and resale.

JOEL SELIK

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