Hi Jack! I am now a real estate agent in Florida. The market is slow and I have decided I need to do some lease purchases for some of my listings to get some people in them and perhaps a sale down the road. My question is: In Florida a real estate agent and member of the Association of Realtors is not allowed to prepare a lease. The owner must fill in the blanks of the FAR lease and we must not advise him. No additional language may be put in the lease that is very favorable to the tenant. I don’t know how to do the lease and the purchase agreement without violating this. I want the lease and the purchase agreement to reference one another. My broker is not overjoyed that I want to do lease pruchases since he feels that many lawsuits come out of this.
I’d like to get your thoughts, please.
Thanks,
Georgia Emmett
[email protected]