Quick tips for Purchase Lease Options

Beginners Quick tips for Purchase Lease Options 

1. A standard PLO is 3 things,

2. The agreed purchase price

3. The length the option runs

4. What rent you give monthly

5. Don’t over complicate it

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Always assume the worst case scenario when working the deal out – that you will walk away at the end of the contract period

Don’t take on a PLO just because it’s a PLO 

only take it on if it makes you your minimum profit that makes you happy

Always get solicitors on both sides

Remember it is all about the vendor, be genuinely empathetic