Lease option is a great financing instrument in real estate and property business, benefiting both the tenant and the landlord. According to Phil Thow, a business management guru, lease option provides buyer an easy way to use a property for his business for a specific period of time without buying it at all.
This specific time period gives him an opportunity to evaluate the impact of that location on his business, on a fixed purchase price. Philip Thow believes that lease option facilitates the decision making about buying the property for future according to the cost preferences and financial position.
On the other hand, Lease option proves a great marketing tool for a seller as well, Phil Thow says. As it becomes a source of increased monthly cash flow for seller with less tension about the look after of his property. Though tenant is not obliged to buy the property according to agreement, but can be prompted to take care of a property he is occupying or intended to buy in future. Phil Thow also stresses that in ongoing uncertain economic scenario, lease option can certainly have a positive bearing on your expanding business.
Tags: Philip Thow