Profile picture for kphipps76

Can someone help me draft a lease to purchase agreement in the state of Florida?

I am looking for advice on drafting a lease to purchase agreement for my house.  Any suggestions?  Thanks for your time.
  • September 30 2013 - US
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Answers (4)

Profile picture for CallTheSisters
Besides telling you not to attempt this on your own - you need to protect yourself with an attorney - these deals can back fire and leave you with a mess.

  • September 30 2013
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Everyone is going to advise you to seek an attorney, as they should. However, you can search the web for free forms and I've known people to use these forms and have them notarized etc... If you are trying to save $ you could draft your forms and pay for an attorney to review?

Personally, I find it's best to be safe in the long run by having licensed professionals conduct contractual work. Be safe and good luck!

  • September 30 2013
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The advice is to have an attorney do this, kp.

You want this contract to be enforceable in court if need be, and if you listen to us, it probably won't be.

All the best,
  • September 30 2013
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Profile picture for wetdawgs
An attorney would be your best bet. 

As you posted in "selling process", I assume you are the owner.

Request a substantial non-refundable down payment (20% perhaps).

The only amount that goes towards purchase is the monthly amount higher than fair market rental value.

Address who is responsible for repairs.

Address the drop dead date for them getting financing and what happens if they don't.

Address the purchase price.

Address who is responsible for taxes and insurance.

Make sure your lender is okay with this, and make sure your insurance company is okay with this.
  • September 30 2013
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