Could you tell me the pitfalls for a landlord when rent out his property to a tenant buyer with a rent- to-buy commercial lease option

I searched the net, but just can't find the downfalls / risks .
any help would be appriciated

many thanks
doris hornig

Could you tell me the pitfalls for a landlord when rent out his property to a tenant buyer with a rent- to-buy commercial lease option

I searched the net, but just can't find the downfalls / risks .
any help would be appriciated

many thanks
doris hornig

The simple answer is yes.

As long as the first option has been arranged well, and in the case of a residential mortgage consent to let is obtained from the Lender, and the owner has good credit, there need be no issue with a further residential mortgage.

I myself have two residential mortgages.

Hope that helps,

Regards,

Mark Jackson

Very pleased to get your request for more information through Just Do Property.

There is much information on our web site – http://www.PropertyOptionExpert.co.uk – so please feel free to take a look.

We will also be posting valuable information on this web site – so keep coming back!

You might want to consider coming to join us on 10th April 2010 at the Crowne Plaza in London – we will be talking about the practical use of options in the UK at that event.

http://www.eventbrite.com/affiliate-register?eid=558351043&affid=676834

Best regards,

Mark Jackson
Property Option Expert.

Could you please tell me:-
Property is taken over via lease option. Mortgage stays in vendors name. Can that same vendor obtain a mortgage on another property at some time in the future?
Regards
Mike West

I saw your details on the ‘Just Do Property’ property website. Please can you give me some more info with regards to lease options and how they can be applied successfully in this country.

Many Thanks

Andy Privett
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