Example conversation
VisitorWhat's a lease option?
DealioA lease option lets someone rent a property now, with the right (but not the obligation) to buy it later at a price agreed today. The owner gets a steady income and a likely future sale. The tenant-buyer gets time to save or sort a mortgage.
VisitorIs it risky for the owner?
DealioLike any deal it has pros and cons, which is why both sides should always use their own solicitor. I can explain how these deals usually work, but I can't give legal or financial advice.
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