I have been trying to put together a rent-to-own contract for my property. The ones that I have from Dean's forms are a little too complicated for what I need. I just want a down payment with a rental payment with no time limit, letting them treat the property as if they own it,as long as it doesn't take away any value,(being responsible for repair, utilities etc., and any improvements they want to make) They would have the right to buy the property through a lender when ever they can.
I also have tenants in the property, but the ones who want to buy it want to move in. I did talk to one of Dean's reps and there is a form which I can give the existing tenants that I would be able to give as little as 30 days to move out.
One of the tenants previously had told us that if he was told to move out he would go to his lawyer and would be able to stay for months. He is also behind on the rent more then not, so I'm not sure if this 30 day notice is going to work with him or either renter. Both rentals are behind in payments right now.
I am suppose to get this option and lease to the new people by the end of the week and I have some written but I am playing a dangerous game here with the tenant problems and timing this move out, move in just right for the new people.
I don't have the money right now for the success academy, but if someone out there knows a solution for right now, I would appreciate hearing it.