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Buying and Selling on Lease Option in Canada
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Re: Lease options Vs. Agreement for sale/ instalment sale.
Re: Re: Lease options Vs. Agreement for sale/ instalment sale. -- Matt B Post Reply Top of Thread Forum

Posted by: Darren bird ®
02/05/2005, 20:34:15

Edit
Doug, you wrote:
"Yup your recourse would be the same. So if the courts are backed up it will take longer before you start collecting on your judgement".

Okay, so I am clear. Are you saying that court would be the only way to settle the nightmare scenario in a AFS contract? The reason that I ask, is because in Saskatchewan at least, we have a less formal process for evictions which is called the Office of the Rentalsman. You don't need a lawyer or anything to do an eviction here. I suspect that to even get a court date here, it would take a good bit of time like a month or two at least, never mind what you would have to pay a lawyer.

If this were the case, would a person not be better off using the lease and the option approach instead?
My whole point is that from where I am standing it would seem that the lease/option arrangement would be a lower cost/faster approach if it all goes bad.

Again, I am not challenging here. I am asking a question. I am interested and want to learn.

Modified by Darren bird at Sat, Feb 05, 2005, 20:40:40


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Followups
Re: Lease options Vs. Agreement for sale/ instalment sale.
Doug Pretorius 02/05/2005, 23:03:10 856 bytes +1
Re: Lease options Vs. Agreement for sale/ instalment sale.
darren bird 02/06/2005, 01:31:28 495 bytes

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