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Lease option to purchase 165 Valdez Mobile Home Park - 1984 Champion 14 x 70 mobile home |
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Three Year Lease with option to Purchase |
| Each year there will be a credit of $1500
towards the purchase price, should Lessee choose purchase at a price
of $29,500 After 6 months, and if rent continues on at $950/month there will be an add on purchase credit of $20/month or $120/ each 6 months After 1st year, price reduced by $1620
After 2nd year, price reduced by $1500 + 2 more sets of 6 months x $120 or $240 off purchase price = <-$1740>
$29,500 after 1st year price is $27,880
$27,880 and after another year's credits, cash purchase price would be $26,140
End of Year 3 $26,140 <-$1740> = $24,400 in cash for purchase after 3 year's lease
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$29,500 less $5,100 in option to purchase, if exercised ....