Rent-to-own, also known as rental-purchase or Rent-To-Buy, is a type of legally documented transaction under which tangible property, such as furniture, consumer electronics, motor vehicles, home appliances, real property, and engagement rings, is leased in exchange for a weekly or monthly payment, with the option to purchase at some point during the agreement.
The rent to own process is actually pretty simple. Join our property list and tell us what type of home you’re looking for, your budget, etc ( START with the form to the right) We’ll send you local Lehigh Valley rent to own / lease option homes that fit your criteria.
The 3 Pieces of a Rent-to-Own Arrangement: When it comes to real estate transactions, whether leasing an apartment or buying your dream home, you cannot escape the paperwork and agreements that are a part of the process. Buying a condominium, townhouse or single family house share this same reality, as rent to own housing involve paperwork and contracts that cover three topics:
One way to accomplish both objectives is through a rent-to-own agreement.. and your tenant refuses to leave, you may need to go through an eviction process .
Rent-to-own agreements, also called lease-to-own agreements or lease-options, are traditional leases agreements that also give the tenant an option to purchase the rental property, typically a single-family house, sometime after the beginning of the tenancy.
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The rent to own process is actually pretty simple. Join our property list and tell us what type of home you’re looking for, your budget, etc (START with the form to the right) We’ll send you local Tucson rent to own / lease option homes that fit your criteria. If you like a home and want to apply, we’ll give you an application to fill out.
HousingList provides buyers with a full database of rent-to-own, HUD Homes, and Foreclosure real estate in their area. Visit our library to learn more about what a rent-to-own home is, how to rent-to-own, and other common questions buyers have asked over the years.
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Here’s a rundown of what to watch for and how the rent-to-own process works. It’s more complicated than renting, and you’ll need to take extra precautions to protect your interests. Doing so will help.