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How long is the option term (the time within which the Buyer can buy)?

April 26, 2017buy buyer option term time

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How long is the option term (the time within which the Buyer can buy)?

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It can be whatever the parties agree to. Our Lease Option Coach discussed alternatives. If a Seller believes the market will rebound but not before 2 years, the Seller may ask that the purchase option not be exercised before 2 years at which time the purchase price will be set. Or, the option term can begin immediately. There are too many variables to list. Purchase our Lease Option Coach for more details.