having the proper paper work to protect themselves from:
1- The Tenant Buyer claiming
equitable title. The Tenant Buyer claims that they bought the
property and therefore the Seller has to foreclose on the
property to get possession of their property back if Buyer
defaults rather than
suing under the state laws regarding renters for unlawful detainer which
would allow the seller to get possession of their property back
quicker in the case of a tenant buyer default.
to Avoid Tenant Buyer's Equitable Interest Claim
2- The Buyer suing to get
their "non-refundable" option consideration back if they
can not qualify for a loan and therefore not able to exercise
their option to purchase.
A Property Drawn Lease Option Will Take Care
of This Problem