Landlords: Convert Your Tenancy Agreement into a Lease-Option and Save Your Negative Cash Flow.

It’s the worst period for the economy since the Great Depression of the 1920s and 30s.  Repossessions are increasing, property prices falling, and negative equity is widespread.  Many landlords are desperate to sell their buy-to-let properties, but under the pressure of the credit crunch, potential buyers are scarce.

The problem is, if landlords raise their rental prices at this time of nationwide belt-tightening, they are much less likely to find willing new tenants and much more likely to lose their current tenants once the tenancy is up for renewal.

Interest rates on property are painfully high and some landlords are finding it difficult to make repayments.  Without the option to make more money from the property through the rental price, landlords are finding themselves increasingly trapped and losing money.

But it doesn’t have to be this way.  Landlords don’t have to lose money at this difficult time.  Imagine being instantly relieved of the worry of the negative equity nightmare.  What if the stress of negative cash flow could simply go away?

To solve the problem, landlords need to break away from old ineffective solutions.  Landlords need to make a change in perspective and start looking at powerful new alternatives that can make them money rather than losing it.

It’s possible for landlords to convert their tenancy agreement and help their current tenants to get onto the property ladder.  Here’s how they can do it:

ONE:  Explain to your tenant that for a reasonable increase in the rent, they can afford to buy your house.

TWO: Encourage the tenant that despite the credit crunch you can help them find a mortgage broker who will help them buy the house they’re already settled in.

THREE: Draw up a lease option agreement, scrap the old tenancy agreement and start increasing the amount of rent you are receiving right away.

FOUR: Sell your house for the proper market value or more when the tenant-buyer is ready to buy. The timescale for this is usually between 6 months and 3 years, depending upon the property.  For the landlord this allows property prices to regain some of their stability.

Lease Option Agreements are not a Do-It-Yourself affair.  It’s important to seek qualified advice from property experts on drawing up a lease option agreement.  Flawed legal agreements can leave landlords open to costly legal action from their tenants

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