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Rent to buy option

  • 20-05-2011 1:42pm
    #1
    kilburn
    Registered Users, Registered Users 2 Posts: 3,912 ✭✭✭


    Has anyone here ever tried to or entered into a rental agreement with a option to buy? Considering making this offer on a commercial property that is for sale and vacant a few years.


Comments

  • #2
    [Deleted User]
    Posts: 0 ✭ [Deleted User]


    Yeah its usually employed when they are finding it hard to sell something. Just get the terms and conditions down on paper and do your calculations carefully.
    Check if theres interest involved or anything like that or back out clauses for the landlord.

    If its the same rental price as the next place, but the next place is not rent to buy, its a no brainer. just check the terms like I said!


  • #3
    TheCostumeShop.ie: Ronan
    Company Representative Posts: 1,740 ✭✭✭TheCostumeShop.ie: Ronan


    In this market everyone is open to ANY offers once the math stacks up. Make lots of people lots of offers, any rent is better than having an empty unit and slowly property owners have come around to this way of thinking.

    Once I used a deal on one of our warehouses that i'd move out in 10 days IF they got another offer (the owner had several vacant lots) and on that basis got a great deal. It all depends on your and their capacity for risk.


  • #4
    stepbar
    Closed Accounts Posts: 6,123 ✭✭✭stepbar


    kilburn wrote: »
    Has anyone here ever tried to or entered into a rental agreement with a option to buy? Considering making this offer on a commercial property that is for sale and vacant a few years.

    If I was making an offer on any premises based on a lease and option to buy, I would make sure to have a condition in place where by the option to buy is contingent on being able to secure suitable financing to purchase the property down the line. Given the state of the commercial market at present, it isn't improbable that prices will fall further.


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