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Home Q&A Forum In a lease purchase agreement, is the purchase price agreed upon initially and if so, how do you calculate a purchase price for 3 years into the future?

Real Estate

Lease Agreement

Arizona

Asked on Feb 15, 2023

In a lease purchase agreement, is the purchase price agreed upon initially and if so, how do you calculate a purchase price for 3 years into the future?

I am looking to start a RE development company that offers Lease Purchase agreements. Before entering into such a contract, I need to run the numbers to see if this is a profitable business. The purchase price is a key factor.

1 Attorney answer

Answer

Real Estate

Arizona

Answered 435 days ago

Jane C.

ContractsCounsel verified

Business Lawyer
Licensed in Connecticut, District of Columbia, New York
Free Consultation

I suggest you consult with your accountant. Also look at the assignment provision in the lease to see if there are any restrictions.

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