Lease purchase

 

If you have a lease purchase scenario (property was listed as both for rent/lease and for sale, and the renter/buyer has agreed to purchase the property after their rental term is over), you should close both listings in the MLS (but not at the same time).

The first listing you will mark Closed is the rental listing.  Mark it Closed in Matrix when the tenant takes possession of the property. 

At the same time, you can mark the for sale listing Deposit.  Set the Proposed Closing Date (PCD) to a date a little bit after the current rental term has ended.

Once the rental term has ended and the for sale listing has closed, go into the for sale listing and change it from Deposit to Closed.

 

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