What are the steps to transfer ownership upon completion of the lease?
Upon completion of the original lease, we usually sell the site to you for 10% of what we paid for it. This nominal “Purchase Option” amount allows you to treat this financing as a true lease and expense your monthly payments off of your income taxes. We put this in writing with the rest of the lease documents at the start of the lease period and provide a “Bill of Sale”, transferring clear title ownership, at the end of the lease.
