A lease option, or rent-to-own, combines a rental agreement with the right (but not the obligation) to purchase the property later at a predetermined price.
Log in to followI've now read four lease option packages and the assignment clause is where they diverge hardest. Two say the option is freely assignable by the optionee. One says assignable with…
I'm looking at my first rent-to-own on the buyer side and the two drafts I've been shown handle the option fee completely differently. In one, the $6,500 goes to the owner at sign…
Reading a lease option package for someone else this week and the option contract is clean, well drafted, separate from the lease exactly like people here keep saying it should be…
Still working out which strategy fits me and lease options keep coming back up, so I've been reading drafts people have posted here and the strike price is where they all differ.…
I've got about $9,000 set aside and no shot at a conventional mortgage for another year or two, so I've been reading up on lease options instead of just refreshing listings. What…
I'm building the screening file I'd use if I ever offered a rent-to-own on the house I'm about to close on, and the standard tenant screen doesn't answer the question I actually h…
I'm setting up a rent-to-own on a small house as the buyer and the owner has left the term open for me to propose. My credit needs about eighteen months of clean payments and a bi…