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.
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.