What is a Lease Option?

As a seller you have the option to use a lease when you offer your home for sale. The lessee has the option to buy your home at a set time in the future by signing an option agreement. Many homeowners who need to move quickly and do not have the time to find a qualified buyer will use this technique. If the lessee decides not to buy at the set date the seller can either set up another lease, list with a realtor, or sell it themself.