A sale to Flexible, then a leaseback to you on your terms. Sell and customize the details of your continued occupancy. A popular alternative to a standard sale which forces you to vacate before closing.
After you accept our offer, Flexible will open escrow and send our deposit. We handle the details so you get a smooth closing.
You choose the term and and we’ll work with you on the rental rate to ensure it works with your financial situation.
Possession of the property reverts to Flexible.
Convenience and closing certainty- Close on your timeline and skip months of typical sale hassles: property fixes and improvements, hiring an agent, and flakey buyers. Get fast closing certainty with our non-refundable deposit.
Savings- Save 10% or more, hundreds of thousands of dollars, by skipping commissions and pre-sale repairs.
Custom lease- Flexible will structure a lease that fits your circumstances and lets you stay for as long as you want.
Possibility of lower pricing and proceeds- Selling your existing property by hiring an agent and listing on the market may result in higher offer pricing and net sale proceeds, even after paying commissions.
Limited tax benefits- Other Flexible Offer Types can result in meaningful savings by deferring taxes on capital gains and depreciation recapture. If you are considering a 1031 exchange, we can help you reduce the risk of a failed 1031 exchange by providing options to extend the sale date.
Missed opportunities- Other Flexible Offer Types give you benefits beyond those of a standard sale, including the potential to earn more and receive passive income.
You sell your property to Flexible for $1,000,000 and choose to lease it back for 2 years.
After the sale is complete and the lease is signed
All ownership responsibilities and expenses transfer to Flexible. As the tenant, you make monthly rental payments of $5,000 as the tenant.
Outcome
At the end of the lease term, you vacate, ending the landlord-tenant relationship.
This example is simplified to exclude details that vary by owner and transaction, including the impact of taxes, tax savings, and miscellaneous third-party transaction costs.
Every Flexible offer is custom-built to achieve owners’ goals. For a Sale-Leaseback, here are the most important items to consider:
The date when the sale is complete and the lease begins.
The duration of the lease agreement. The typical lease term is between 3 months and 3 years.
The monthly rental rate. While this is primarily based on market rental rates, Flexible can customize the amount you pay every month by fine-tuning sale details, including the purchase price, closing timeline, and lease term.
Most owners who choose a Sale-Leaseback want to ensure they don’t have to vacate before they are ready. Flexible can add “options to extend” your lease so you can choose to stay longer.
When you request an offer, we’ll share options so you can choose your desired combination of offer features and make an informed choice. We can include approvals for you to make changes after reaching an agreement so you have flexibility as the future unfolds.
We’re flexible. We can build options for you to extend your lease to give you the flexibility to stay longer than you initially planned without requiring an upfront commitment. We can even include language in your lease that lets you cancel without question in case you might want to leave early.
Our offers are customized to maximize the collective ownership group’s satisfaction. Flexible will ensure each co-owner receives the terms they want, whether it’s cashing out, remaining an owner, or both. You tell us if you want us to work with a single contact, the group, or individually with each co-owner.
We’ll determine if your loan can be paid off without penalty and, if the rate is below market, whether it can be assumed. If we can keep a below-market rate loan in place, we may be able to increase our offer price.
We’ll work with you to coordinate our onsite inspections and collect property information as part of our due diligence. If certain materials are not available or easily accessible, our team can help.
Regret hurts.
Typical transactions prohibit owners from making changes or canceling. With Flexible, you get unlimited offer adjustments and seven days after accepting our offer to cancel.
No questions asked.