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South
Orange County Lease Option Properties
A
lease-option (also know as a lease to own, rent to purchase,
or rent to buy) is a conventional lease and a home purchase,
bridged by a lease-option contract. To learn all about the
workings of a lease-option, see my page all about lease
options, here. This page
was designed to help you quickly locate homes in South Orange
County, CA that have a lease-option available. Use the search
links below to find lease option properties in Coto de Caza,
Dove Canyon, San Clemente, San Juan Capistrano, Lake Forest,
Portola Hills, Foothill Ranch, Wagon Wheel Canyon, Ladera
Ranch, Rancho Santa Margarita, Mission Viejo, Dana Point,
Laguna Niguel, Laguna Hills, Robinson Ranch, or Las Flores,
CA.
Orange
County lease-option home listings
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As you browse the South Orange County, CA
lease-option listings, you may see homes that have a lease
price and others that have a sales
price. The same home may even be listed twice (once
for lease and once for sale). If the listing contains
a lease price, it indicates the
approximate cost that the home would rent for on a
monthly basis during the lease phase of
the lease-option contract. If the listing contains a sales
price, it indicates the approximate price that
the homeowner is seeking to sell the home. You will
probably negotiate a similar price for the purchase
phase of the lease-option contract. |
Lease
option home search by city
Basics of a
Lease-Option
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The buyer pays the seller option
money called "Option Consideration" for the
right to later purchase the property. The lease option
money may be substantial.
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The buyer and seller may agree to a
purchase price now or the buyer may agree to pay market
value at the time the option is exercised. It is
negotiable. However, most buyers want to lock in the
future purchase price upon inception of the lease option.
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During the term of the lease option,
the buyer agrees to lease the property from the seller for
a predetermined rental amount.
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The term of the lease option
agreement is negotiable, but the common length is
generally from one year to three years.
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The option consideration money
generally applies toward the toward the purchase of the
home.
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A small portion of the monthly
rental payment also applies toward the purchase price.
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Option money is rarely refundable.
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Nobody else can buy the property
during the lease option period.
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The buyer generally cannot assign
the lease option without seller approval.
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If the buyer does not exercise the
lease option and purchase the property at the end of the
lease option, the option expires.
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The buyer is not obligated to buy
the property at the end of the lease term.
Read more
about lease options, here
Related links:
If you are interested in a
South Orange County lease-option home, please call me. I will
be happy to assist you with a lease option, lease to own, rent
to buy property in Orange County, CA, as well as a sale,
purchase, lease, or rental. Your source for lease option homes
in Southern California.
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