Before agreeing to a lease option in Orlando, get the purchase terms and rental obligations in writing. Use this Orlando seller checklist to review the proposal with your attorney.
What should the written lease option spell out?
For an Orlando house, review the lease and the option together. Ask a Florida real estate attorney to confirm when the tenant can exercise the option, how they must notify you, how the price is set, and whether fees or rent credits apply toward the purchase. Confirm who tracks those credits and how both parties will get a record.
What if the purchase doesn’t close?
Ask what happens if the deadline passes, the tenant cannot obtain financing, or the parties disagree about a repair. Look for clear terms on whether occupancy continues, what happens to money already paid, and whether either party can extend the deadline. Avoid budgeting for the sale proceeds until you understand those conditions.
What should an Orlando seller compare before signing?
Compare the earliest and latest possible closing dates with your own plans. Ask about maintenance, insurance, and lender restrictions while you remain the owner. If you already have a tenant, check how the proposal would interact with their current lease and deposit. Compare the written terms with a direct sale or a traditional listing.
Read the Orlando occupied rental guide for more on selling with tenants. To compare a direct offer, submit your Orlando property information for a no-obligation review.