A portion of the monthly rent is often credited against the eventual purchase price of the property. The agreement states that the buyer/tenant is only a tenant with an option to purchase the property. They are not an actual purchaser. If a person enters into this type of contract fully ...
If you’re like most homebuyers, you’ll need amortgageto finance the purchase of a new house. To qualify, you must have a goodcredit scoreand cash for a down payment. Without these, the traditional route to homeownership may not be an option. There is an alternative, however: a rent-...
A rent-to-own home uses a rental agreement with either a lease-option or a lease-purchase at the end of the lease term. What’s the difference? A lease-option contract gives you the option to buy, while a lease-purchase means you’re contractually bound to buy the home at the end ...
A common rule of thumb is if you plan to stay in the home for five to seven years, buying is a good option. Anything shorter than that may make it a less optimal investment. Stage of life is another significant lifestyle factor to consider. For those with young children, buying a ...
Your ability to finance a home purchase is critically important but there is such variability when it comes to financing options, it’s more important to know whether you will be in place long enough for finances to matter. What is the state of the housing market where you live? All real...
Rentcash to sell or spin off Insta-rent.The article reports on the plan of Rentcash to sell or spin off its Insta-rent division which rents furniture, appliances, electronics and computers with or without an option to purchase. Gordon Reykdal, Rentcash chairman, explains that the move will ...
Chiller Rentals vs. Purchase: Which Option Is Right for You? When it comes to providing cooling solutions for commercial and industrial needs, one of the key decisions you’ll face is whether to rent or purchase a chiller. Both options have their advantages and disadvantages, and choosing the...
In a typical rent with option to buy the tenant/buyer often gets credit for a portion of their rent that can be applied toward the purchase price of the home. This means you are building something for yourself. Plus, sometimes, the owner might also match a portion of the rent credit. ...
If you have trouble viewing a movie, you can request a refund. To get a refund on a YouTube movie purchase, visit yourPurchases pageand selectRequest refundnext to the title. Once you have indicated the problem you had, select the refund option. In some cases, the money is refunded quic...
Lease-purchase This option obligates you to buy it, and you could have legal liability and/or lose the premium you paid toward a down payment if you don’t buy the home when the lease expires. It’s extremely important that you understand what you’re signing and whether the home is ...