Important Information for Lease Buyers

Lead Property Buyers is not a licensed real estate brokerage. We do not represent you as a buyer's agent. We do not owe you fiduciary duties. We do not provide agency services.

In lease-option transactions, we may act as the property owner/lessor (if we own the property) or as a finder/intermediary connecting you with third-party property owners.

You should seek independent legal and financial advice before entering any lease-option agreement.

Our lease-option program is designed to help families work toward homeownership through an alternative path. This process is:

• Educational first — We help you understand how lease-options work and whether they fit your situation
• Eligibility-based — Not everyone will qualify; approval depends on income, credit, employment, and other factors
• Property-specific — Availability is limited; not all areas or property types may be available
• Timeline-dependent — You may need to wait for suitable properties to become available

Submitting an application does not guarantee approval or property availability.

We cannot and do not guarantee:

• That you will be approved for our lease-option program
• That properties will be available in your desired area or price range
• Specific monthly lease payments or purchase prices
• Specific timelines for property availability or approval
• That you will successfully exercise your option to purchase

Lease-option agreements are complex financial arrangements. Market conditions, property availability, your financial situation, and many other factors affect whether this path is right for you.

Submitting an application does not create any obligation on our part to offer you a lease-option opportunity.

A lease-option agreement (LOA) typically includes:

• Lease Period: You rent the property for a specified term (often 1-3 years)
• Option Fee: An upfront, typically non-refundable fee for the right to purchase
• Monthly Rent: Regular lease payments, a portion of which may credit toward purchase
• Purchase Price: Agreed-upon price if you exercise your option to buy
• Option Period: Timeframe during which you can exercise your purchase option

Critical: If you do not exercise your option to purchase (or cannot qualify for financing), you typically forfeit your option fee and any rent credits. Lease-options carry financial risk.

If you enter a lease-option agreement, you are responsible for:

• Making all lease payments on time
• Maintaining the property in good condition
• Working to improve your credit and save for down payment/closing costs
• Obtaining mortgage pre-qualification and eventual financing approval
• Understanding all terms of the lease and option agreement
• Seeking independent legal and financial counsel before signing
• Exercising your option to purchase within the specified timeframe (if desired)

We strongly recommend consulting with a real estate attorney and financial advisor before entering any lease-option agreement.

You have the right to:

• Decline any lease-option proposal or terms
• Seek independent legal, financial, and tax advice
• Request clarification on any terms you don't understand
• Withdraw from discussions at any time before signing
• Review all documents with your attorney before signing
• Pursue traditional homeownership paths instead (conventional mortgage, FHA, etc.)

Remember: You are not obligated to proceed. A lease-option is just one path to homeownership, and it's not right for everyone.

Before you can participate in any lease-option opportunity, you will receive and must acknowledge:

• Property-specific disclosures (condition, neighborhood, known issues)
• Financial terms disclosure (all fees, payments, credits, and purchase price)
• Option exercise requirements (credit score minimums, income verification, etc.)
• Risk disclosures (what happens if you don't exercise the option)
• Maintenance and repair responsibilities

These disclosures must be delivered and acknowledged before you sign any lease-option agreement.