Lease To Own Your Next Home
A lease-to-own house purchase (also "rent-to-own purchase" or "lease purchase") is a lease combined with an option to purchase the property within a specified period, usually 3 years or less, at an agreed-upon price. Such arrangements have proliferated in the post-crisis market because many potential home buyers can’t meet the tougher loan qualification requirements today, and many potential sellers are unable to realize a satisfactory price in any other way.
Lease To Own programs can be structured in such a way that both parties benefit.
I have prepared detailed information on the basics of a Lease To Own transaction. For more information, complete the information below and hit "Submit".