Terms used in a Rent-to-Own agreement
What are the terms used in a Rent-to-Own Agreement? A Rent-to-Own Agreement, also known as Lease-to-Own, is a written document between two parties, Us who owns the property and the tenant or potential buyer. The agreement details the arrangement between the parties to lease the property, while also granting the tenant the option to purchase the property at the end of the lease term. Here are some Details that is included in a rent to own agreement: Seller/Us: The name and address of the party who owns the property. Tenant/Buyer: The name and address of the party who is leasing the property and obtaining the option to purchase. Property: The…
Buying A Home With A Lease Option Program
Buying A Home With A Lease Option Program Have you dreamed of owning your own home, but just don’t know how you can manage it? You might have bad credit, little money for a down payment or no credit history at all. Even so, homeownership is within your grasp by using a lease option program. It doesn’t matter if you have a bad or low credit score. What we look for is if you have a previous eviction within the last 3 years. What is lease option? Lease option is when you enter an agreement with us that states you have the option to buy the home within a certain…
Paperwork checklist for a Rent To Own Home
Paperwork checklist for a Rent to own home Paperwork needed to qualify for a Rent To Own Home Thank you for wanting to apply for our Rent To Own Home. Here at Home Buyers Inventory, we have a Paperwork checklist to help you track the paperwork you will want to turn in to move into your new home with us. The paperwork is very simple. It is the same type of paperwork you would need for any rental you were applying for. The paperwork is important and will need to be submitted for each person over the age of 18, who will be living in the home in order to…