A Lease-Purchase Contract, also known as a lease purchase agreement, is the heart of rent-to-own properties. It combines elements of a traditional rental agreement with an exclusive right of first refusal option for later purchase on the home. It is a shortened name for Lease with Option to Purchase Contract.
Lease-purchase is an agreement to buy a particular piece of property within a certain time-frame, usually at a price determined beforehand.
The Lease-Purchase Program can be used to select any active home on the sales market and have a third party purchase it on your behalf. You can then lease.
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Lease Purchase Non-Qualifying Lease Option to Purchase Program. Our Non-Qualifying Lease Option to Purchase program is an opportunity for you to re-build your credit and buy a home. We will: Review a copy of your current credit report with you; Provide you with information on "Financial Peace University" and a local credit repair company
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A lease-purchase is a lease accompanied by a purchase agreement committing both the tenant-buyer and the property owner to conclude the transaction. At the conclusion of the lease, the tenant-buyer would be obligated to buy and the owner would be obligated to sell.
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This time, it’s about zombie homes, i.e. homes left vacant for long. If the price is right, purchase the unit at.
Home values can fluctuate during your lease period, so it’s important to know if the price can be adjusted before you buy. In a market where home prices are going up, it can benefit the buyer to.
Zillow has 7 homes for sale in Atlanta GA matching Lease Purchase. View listing photos, review sales history, and use our detailed real estate filters to find the perfect place.
A "lease purchase (or lease option)" is the abbreviated form of the appropriate term "lease with option to purchase." Simply stated, a Lease 2 Purchase contract combines a basic lease contract with an option to purchase contract, which creates a Lease 2 Purchase contract. A few misguided advocates believe that a lease purchase contract combines a lease agreement with a purchase agreement, thus requiring the tenant to purchase the home at the end of the lease.