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Why leases with an option to buy may be a better way to go for sellers and buyers.
Instead of an outright purchase of a home, a lease with the option to buy can make more deals happen.  Here are some benefits that often occur in these type transactions: Seller Benefits: 1.  Instead of selling a property with seller financing, when a seller does a lease option they still have the title to the property.  If the buyer does default for whatever reason, then the seller can usually evict the lessee in a much more timely manner than going through the foreclosure process.  The lessee is not the owner. 2.  Instead of receiving a down payment on the sale, the seller/lessor will receive an option deposit.  Whether this option deposit is $5,000 or $500,000 it is typically treated just like a security deposit.  It is not reported on the sellers tax return until the option either expires or is exercised.  This can in effect postpone the capital gain taxes on the sale for several years depending on when the option expires or is exercised. 3.  The seller/lessor will still be allowed to depreciate the mobile home park improvements until the option is exercised.  This depreciation can shield some of the income that the seller/lessor receives from the lessee during ... more

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