A property lease option is a legally binding agreement/contract taken over a property that gives the option holder the right to buy, sell or rent the property at any time during the agreed period for the agreed price. During the agreed period the option holder will pay an agreed fixed amount of money every month for the right to control that property asset.

Given the current climate, property lease option is a very versatile and flexible tool.  As a strategy it gives you the freedom to exercise the option you have on the property or to walk away.

In a nutshell, a property lease option is a legally binding agreement. As an investor, you take over control of the property, giving you the right to buy, rent out, live in, or sell the property. We agree a timescale that the investor has as the option – this could be five, ten or even twenty years, and we also agree on the price.

During the agreed period the option holder can pay the agreed fixed amount – essentially babysitting the mortgage. As a result they have the right to control the property in any way they see fit.

It’s great if you simply want to dip your toe into the market, without the exposure to the current difficult economical climate we are in.

An Introduction to Property Options

Described as the Power Steering of property investment, Options are powerful problem solvers and cash-flow creators. Though not suited to all situations, they are transforming the way investors view and transact residential property in the UK. They can fast-track you to financial freedom.   Property Options in Brief Purchase Options, Lease Options and Sandwich Options are becoming familiar terms with Property investors. Perhaps you are already using these powerful legal agreements to add to your portfolio, to generate cash-flow, to sell property which might otherwise stick, or to secure your family home.   Understanding Property Options and using them with skill is important. Why? Because Options can open locked doors, or become trap-doors.   Property Options in Essence An Option gives choice and freedom. Depending on the wording of the document, a Property Owner (Optionor or Grantor) grants exclusive freedom to buy, use or sell the Property, or a combination of...
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Mentoring session with Mark Jackson (Lease Options Made Simple) up for grabs

Enter our 2011 competition to win a Coaching Call with Mark Jackson. To enter simply subscribe for free at www.justdoproperty.co.uk
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Use a Purchase Option to Lock in a Discounted Price

  You can use a purchase option to lock in a discounted price.  This means you are protecting the time invested in sourcing, negotiating and structuring the deal, and you are effectively locking out the competition. The power of this lies in the fact that the seller has granted you an exclusive right to buy within a defined and agreed time period.  Notice the word “exclusive”.  The seller is not able to sell to anyone else, except you. At the same time you are able to sell the contract on to another purchaser, transferring the right to buy at the discounted price to them for a fee. Let’s look at a real example from a North East town.   The seller had been marketing a very large and now empty house for nine months.  With no rental income the monthly mortgage payments of £475 was crippling. Having started a new business...
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Wendy Patton & Mark Jackson of Lease Options Made Simple admit their mistakes

Julie Hanson interviews Mark Jackson and Wendy Patton from Lease Options Made Simple. She asked them why their forthcoming event will be different. They also discuss mistakes theyve made in their career.

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Property Lease Options – A Dying Investment Strategy?

    Using lease options to control property has grown to become an investment technique being used popularly around the country – particularly as a consequence of stringent BTL finance rules impeding many business growth strategies.  As what was to be expected, many have either been sceptical about their medium to long term effectiveness or pointed to the fact that there is no tangible ownership being a major negative.  Nevertheless, for the time being, their use is likely to remain and so we therefore chatted to one the UK’s thought leaders on the topic – Mark Jackson of Lease Options Made Simple – on a number of subjects including legal issues; the ‘fad’ argument; benefits / risks; potential FSA intervention and protecting future interests amongst others.   1) Can you give us a bit of an outline about your experience and why choose to set up ´Lease Options Made Simple´? I fell...
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