Setting Up A Rent To Own Agreement

Also remember that if you now agree on a purchase price, you will have to pay that price, even if the house is not worth as much at the end of your lease. And since a lender can`t lend more than the assessed value of the home, you have to pay the difference. There is, however, an alternative: a lease in which you rent a house for a certain time, with the possibility of buying it before the end of the lease. Leases consist of two parts: a standard lease agreement and an option to purchase. In order to protect yourself from some common frauds in retirement, make sure that to date, property taxes have been paid and that there is no deposit on the property. . . .