This form is an option to lease real estate. In the event the lessee fails to exercise the option, the sum paid for the option will be retained by the lessor. In such event, the monies retained by the lessor and costs assumed by the lessee will be considered to be a full and complete satisfaction and accord of any damages suffered by lessor because of lessee's failure to lease this property.
Massachusetts Option to Lease Real Estate - Long Form
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Unlike a sale agreement with seller financing, a lease-option allows the owner to continue to receive tax deductions as the owner. Interest, taxes, maintenance and depreciation may still be deducted against the rent received.
THE LEASING PROCESS - LANDLORDSLeasing Appraisal.Appoint Leasing Agent / Property Manager.Sign a Management Agreement (Before or After Tenant is Acquired)
A lease option is a legal agreement that allows you to control a property and generate income from it, with the right (but not the obligation) to buy it later. .
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A lease purchase agreement may be attractive to a seller in a competitive market since he is able to lock in a buyer and secure a monthly payment. The seller is typically able to charge a higher rent than he would normally receive in a traditional lease.
Leases for these spaces are very different from residential agreements, especially since landlords may require you to pay an amount in addition to your actual rent. This payment often covers taxes, maintenance, and insurance (TMI).
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Leasing a car is similar to a long-term rental. You'll generally have to make an upfront payment, plus monthly payments, and get to use a car for several years. At the end of the lease, you'll return the vehicle and have to decide if you want to start a new lease, purchase a car or go carless.