Naturally, when you sell your property, "Rent-to-Own," you do so with the hopes that the tenant-buyer will actually exercise their right to buy the home, called the "Option" and cash you out.
But it doesn't always work out that way, right?
In fact, some estimates have it that 30-50% of tenant-buyers actually exercise their Option to buy property.
So what should you do?
Your tenant-buyer calls you and says something like...
Hey... sorry but I can't buy your house now
...or they might say...
Hey... sorry but I don't want to buy your house now
After all, it is the "Option" to buy and the "Option" not to buy, right?
My name is...