Lease Options - New Theme?

Some of you may not be able to find lease option deals for whatever reason.

But there is something that every single Landlord can do through the knowledge you already have.

If you see properties that are not let or not let to there true rental potential or perhaps a developer with too much stock there may be opportunities for you.

You can propose to the developer or Landlord that you enter into a management agreement which we can prepare for you. Lets say, you identify a property which is available for rent at £500 pcm but you think you can let it for £600 pcm or even rent by the room for £800 pcm. We can prepare the management agreement to state that you will pay the Landlord the sum of £500 and anything over and above that is yours! If you can place a good tenant it’s regular secure income. As the Landlords agent you will have the authority to enter into the AST with the tenant on the Landlords behalf so the Landlord wont necessarily know what rent is being charged.

The beauty is that there is no limit of the amount of properties that you can do this with. You can approach letting agents, newspaper classifieds, letting web sites and developers. Many people may try to negotiate a lease option but if negotiations break down people don’t realise they could still reach a management agreement. When you are negotiating the management agreement you may also get an option from Landlord to buy it at a date in the future at a set price which would be an additional bonus!!

Source: Ms-law.co.uk

Trackback uri

http://www.buyproperty4less.com/news/index.php/2009/07/22/lease-options-new-theme/trackback/