The Truth About Lease Options
9:18 AM, 29th June 2020, 6 years ago
4
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Video explaining the Truth About Lease Options:
I am joined by Simon Zutshi and together we explain how lease options are such a valuable tool in today’s market and how to make them work when investing in UK property.
Please click below: A very powerful video for all looking to invest in UK property.
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Urgent tenancy help required please?
Member Since February 2020 - Comments: 360
12:25 PM, 29th June 2020, About 6 years ago
Interesting topic.
Do you know of any exchange or marketplace for these lease options?
Member Since July 2013 - Comments: 1998 - Articles: 21
7:53 PM, 30th June 2020, About 6 years ago
I don’t think there is though Simon Zutshi mentions talking to an auction house about the sale of lease options. I can see that a marketplace for selling options would work. It’s more problematic to sell the lease part because the option-holder as lessee will have obligations under the lease and the freeholder will want control over who is managing the property and responsible for paying rent.
Member Since July 2013 - Comments: 1266 - Articles: 1
8:35 AM, 1st July 2020, About 6 years ago
I don’t think you can use it for leasehold properties as you can’t delegate the lessee’s obligations. I have looked into this and in most cases I cannot see why anyone would do it. The examples given for flats above a shop or an HMO are really the only cases. The disadvantage to the vendor is enormous if the buyer pulls out and leaves the property in worse state plus the time that could be spent looking for a genuine buyer is restricted by the option.
Member Since July 2013 - Comments: 1266 - Articles: 1
8:49 AM, 1st July 2020, About 6 years ago
In residential, it’s effectively rent-to buy