Tag Archives: lease option agreement

Who typically collects the rent in a Lease/Option agreement?

I am wanting to put together a Lease Option Agreement on my property that has 2 homes on it – a main house and a cottage. The potential buyer will live in the main house, and the cottage can be rented out – Who collects the rent on the cottage until the option is exercised? The Landlord/Seller or the Lessee/Potential Buyer?

Similar Stories