How a Consumer Hired a Lawyer to Draft a Lease To Own Agreement in New York

In 2023, an individual in New York sought assistance in drafting a lease-to-own agreement for a residential property. The client aimed to outline the payment structure for prospective owners taking over a mortgage and to specify the terms under which property ownership would be transferred. Key priorities included ensuring that improvements contributing to the property’s value would count towards equity, while also allowing the prospective owners options should unforeseen circumstances arise. As a result, the client received five proposals from experienced attorneys, with flat fee bids ranging from $750 to $1,800. All proposals were submitted to meet the client's deadline of less than one week, ensuring timely assistance with this important agreement.