Lease to Own Option, Accepted - For Sale Listing

Created by Gary Bild, Modified on Fri, 20 Jun at 8:34 AM by Gary Bild

You had a for-sale listing with a lease-to-own option. When the lease-to-own option is accepted, how do you post the Status Change?



  • Change the Listing Status to Rented and update the public remarks accordingly to explain the terms of the lease-to-own agreement.
  • Clearly state that the property is no longer for sale and under a lease-to-own agreement. 
  • If the purchase price has been adjusted as part of the lease-to-own agreement, this price will need to be the Rented price in the listing. 
  • If the final purchase price is contingent on certain factors, like the completion of the lease term, note this as well. 

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