BCI PROPERTY MANAGEMENT RENTAL HOMES & APARTMENTS / plus Condos / Townhomes & small commercial.

BCI Properties, LLC Donald J. Leske Sr. - Manager/Broker Emily Leske - Accounts Manager Amber Prentice - Office Manager 10909 Portland Ave. Suite-L, Tacoma WA 98445 Office: (253) 531-1010 Cell: (253) 241-6695  Fax: (253) 531-5358   Today's Date:

Lease - http://en.wikipedia.org/wiki/Lease (good explaination)

Lessor - Owner or Landlord

Lessee - Renter or Tenant

Lease Option - This is a contract, typically between two parties: the tenant (also called the lessee or tenant-buyer), and the landlord (lessor), who owns or has the right to lease or dispose of the property. See: http://en.wikipedia.org/wiki/Lease-option for a more complete explaination.

Lease Purchase - Lease-purchase is an agreement to buy a particular piece of property within a certain time-frame, usually at a price determined beforehand. In some cases, the process for determining the future price is agreed to between the buyer and seller and will be implemented at some future date. For example, the future price may be determined by an independent, licensed real estate appraiser, paid for by either party or jointly, before the expiration of the lease period. A lease-purchase agreement is a legally binding commitment to buy the property. It differs from a lease-option, which is merely a right to buy a property, that may be exercised on certain terms. With a lease-option the tenant has the right, but not the obligation, to purchase the property. Ref/link. - 

Rent to Own - same as Lease Option

Optionor - gives the option

Optionee - pays for the option, and receives the option

What the Landlord - Owner - Optionor Wants or Needs - long term tenancy, clean tenant, quiet tenant, pays promptly, saves money to buy the house

What the Optionee - Tenant Buyer who wishes to buy their rental, but cannot do so now. They will ask for an Option to Buy or Lease/Option.
*Tenant/buyers needs:

• wants to stop renting,
• get ahead financially,
• not be evicted,
• have a nice home to live in

Option Consideration - non-refundable “money and-or services of like value” that allow you to “exercise your option”...paying for the right to tie up the subject property.

Exercise Option - You choose to use your option before the option expires.

Option Credit - this increases your “Option Fund” when you exercise your option. Generally pre-paid or "pay as you go" monies, which are applied or credited to tenant/buyers down payment or closing costs at the time of purchase.

Building “Equity Fund” - Every month you can increase your fund so when you stop renting and get your home loan, this fund could pay all or most of tenant/buyer's down or closing costs.

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 RENTAL PROPERTY MANAGEMENT - Owners Information -
  For reference and more info click.... RENTAL MANAGEMENT

• Professional Rental Property Management: If you own a rental home, duplex, apartment or a Multi-unit complex that you need assistance with or would like help with managing, renting & maintenance. You need a  professional Licensed Property Management Company. We have provided property management services to home owners in the Tacoma and Puyallup areas for over 25 years, servicing most areas of Pierce County Washington. Currently we also manage rentals in Lakewood, Fife, Milton, South Hill, Parkland and Spanaway plus the greater North End of Tacoma and University Place. Active supporters and Members of NARPM®