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Lease Option to Buy Attorney | Larry Gray | 503-538-1350 | Option to Purchase | For Sale by Owner

 



Residential Lease Option to Buy

 

More than 36 Years of Real Estate Law Practice in Yamhill County, Washington County, Multnomah County, Clackamas County, Marion County, and Polk County, State of Oregon.

Larry K. Gray & Associates P.C. will strive to achieve the best outcome for every client through reasoned, logical, informed, effective advocacy.


At Larry K. Gray & Associates, P.C., the emphasis and focus are to provide sound advice, top quality document preparation, and/or reasoned advocacy for our client. We strive to provide professional, timely, and cost-effective results to meet the client’s legal concerns. Our proficiency, effectiveness, and integrity have earned us a reputation as one of Yamhill County’s premier legal offices.

At times, you may find yourself in situations or with problems that you cannot resolve on your own. Our legal counseling is designed to assist you and your family with courtesy and respect in such difficult periods.  Knowledgeable advice acquired from decades of legal experience can help you formulate a course of action to free yourself from a complex legal maze.
Larry K. Gray & Associates, PC

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(503) 538-1350

404 East First Street Newberg, Oregon 97132
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A residential lease with an option to buy includes the terms of a residential rental agreement with additional terms akin to an Earnest Money Agreement. In the current real estate market, a lease to buy arrangement may be a viable approach to deal with the current problems facing sellers and purchasers. The property owner has the rights and obligations of a landlord with the potential rights and obligations of a seller of real estate. The tenant has the rights and obligations of a residential tenant and the potential to be a buyer if the tenant so elects. The tenant has the right to be the sole decision maker as to whether or not to exercise the option to purchase during the option period, and the property owner needs to be in a position during the option period to honor the terms of the tenant’s right to buy.

The lease to buy agreement needs to be in writing, signed by the property owner and tenant, and specify the terms of the option to purchase. The rental portion of the agreement can be a fairly standard residential rental agreement, but the option portion of the agreement needs to specify terms such as purchase price, how the purchase price is to be paid, length of option period, how the option can be exercised, when and how the option period can terminate early, condition of property and title at time of purchase, and many of the other terms typically found in an Earnest Money Agreement.

The Seller must be in a position to honor the terms of the option to buy. If the tenant/buyer is paying an up front premium or accumulating a prepaid down payment, the buyer needs to have the same concerns as a buyer with an Earnest Money Agreement. Often, an option to buy is added to a residential lease with little consideration to potential future complications.



For a knowledgeable, experienced, and cost-effective
Real Estate Attorney, including residential leases,
comercial leases,  and lease options to purchase,
 
contact Larry K. Gray & Associates, P.C.   Larry K. Gray has been helping clients for more than 36 years.



Larry K. Gray & Associate, P.C.

404 East First Street
Newberg, Oregon
Fax: (503) 538-6957                         Phone: (503) 538-1350



The information on this website is not intended to be legal advice regarding your particular legal problem, and the presentation of this information does not create an attorney-client relationship. An attorney-client relationship will only exist after a mutual agreement to establish an attorney-client relationship.

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Geographical areas, Oregon Counties and Cities, wherein Larry K. Gray & Associates, P.C. provides legal services as a Real Estate Attorney:

Yamhill County, Oregon Real Estate Attorney:

Real Estate Attorney Newberg Oregon 97132, and the surrounding areas of Dundee Oregon 97115, Yamhill Oregon 97148, and Carlton Oregon 97111; Real Estate Attorney McMinnville Oregon 97128, and the surrounding areas of Lafayette Oregon 97127, Dayton Oregon 97114, Amity Oregon 97101, Sheridan Oregon 97378, Willamina Oregon 97396, and Grand Ronde Oregon 97347.

Washington County, Oregon Real Estate Attorney:

Real Estate Attorney Sherwood Oregon 97140, and the surrounding areas of King City Oregon 97224, and Tualatin Oregon 97062; Real Estate Attorney Beaverton Oregon 97007, and the surrounding area of Tigard Oregon 97223; Real Estate attorney Hillsboro Oregon 97123, and the surrounding area of Cornelius Oregon 97113, Forest Grove 97116, North Plains 97133, Banks Oregon 97106, and Gaston Oregon 97119.

Clackamas County, Oregon Real Estate Attorney:

Real Estate Attorney Wilsonville Oregon 97070, and the surrounding areas of Canby Oregon 97013, Aurora Oregon 97002, and Molalla Oregon 97038; Real Estate Attorney Lake Oswego Oregon 97035, and the surrounding areas of West Linn Oregon 97068, and Tualatin Oregon 97062; Real Estate Attorney Oregon City Oregon 97045, and the surrounding areas of Gladstone Oregon 97027, and Damascus Oregon 97089.

Multnomah County, Oregon Real Estate Attorney:

Real Estate Attorney Portland Oregon 97219 97239 97201 97214 97202 97206 97266 97215 97216 97213 97218 97220 97230 97233 97236, and the surrounding areas of Gresham Oregon 97030 97080, Troutdale Oregon 97060, Milwaukie Oregon 97222, and Lake Oswego Oregon 97034.

Marion County, Oregon Real Estate Attorney:

Real Estate Attorney Woodburn Oregon 97071, and the surrounding areas of St. Paul Oregon 97137, Donald Oregon 97002, Hubbard Oregon 97032, and Gervais Oregon 97026; Real Estate Attorney Keizer Oregon 97303, and the surrounding areas of Brooks Oregon 97303, Silverton Oregon 97381, and Mt. Angel Oregon 97362: Real Estate Attorney Salem Oregon 97301 97302 97396, and the surrounding areas of Stayton Oregon 97383, Aumsville Oregon 97325, Sublimity Oregon 97385, Turner Oregon 97392, and Jefferson Oregon 97352.

Polk County, Oregon Real Estate Attorney:
 
Real Estate Attorney Dallas Oregon 97338, and the surrounding areas of Fall City Oregon 97344, Rickreall Oregon 97371, Sheridan Oregon 97378, Willamina Oregon 97396, and Grand Ronde Oregon 97347; Real Estate Attorney West Salem Oregon 97304, and the surrounding areas of Monmouth Oregon 97361, and Independence Oregon 97351.

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