Real Estate
Lease Agreement
Arizona
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
Jane C.
ContractsCounsel verified
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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