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Lease To Own House Knowledge Base
how to get out of a rent to own house lease? My husband and I jumped into buying a house in pa. At the time it seemed perfect. Perfect location and greatest investment. We at the time were waiting for our credit to imporve so we took a rent to own option. The house had a sign that said buy from owner when we bought it. After signing a 3 year lease with the option to buy we found out the house is ridiculously over priced and then while looking over the howard hanna realty website realied our house is still listed as an active house to buy....is this a breach of contract and should we be concerned about this??? We really would like to get out of this lease for many reasons plus our ill parents now need us closer to home. Any help woul be appreciated.
Lease to Own House? Can you lease to own a house after filing bankrupcty? If so how much do you normally have to put down?
signing a lease to own while house is listed? We have a house listed with a broker and the listing expires in 3 weeks. We have someone interested in signing a lease to own option contract. My question is I want to make sure we are able to sign the lease during the listing as long as the lease start date is AFTER the listing expiration, and there are no financial obligation to the broker at that time. Thanks
Can someone help me with lease to own housing problems? I am in a lease to own house. I am buying from the owner. She took out a loan against the house after our agreement, she won't sign any papers that say it is mine.she won't fix anything, she is adding interest that hasn't been agreed upon, the list is long. I need to find all my do's and don't's so i can remedy these problems.
do you have to serve someone with an eviction notice, if they are not on your lease or own the house? here is the situation there is someone in my house and they won't leave even though i have asked them to. They have no lease with me and are not on the deed to my house. They told me they have 30 days and i have to serve them with an eviction notice. is this true or can i just kick them out now?
What is a rent to own home? How does a rent to own house compare with lease purchase or owner financing? I am in the market to buy a rent to own home but I am confused about the different types of contracts available. I have heard of rent to own homes, lease purchase contracts, owner financing agreements, and land contracts. I was wondering if there are all in reference to homes for rent to own or if they can differ from transaction to transaction. Also, I have been having difficulty trying to find rent to own homes in California on my own and my realtor is pretty clueless. I was wondering if anyone had any suggestions on how I can do more research on rent to own and find more available homes.
how do u lease to own a house? want to sell my house not rent, get rid of it faster.
We bought our home w a lease to own contract. House, taxes, interest and ins all are together. Do we qualify? Do we qualify for the first time home buyers credit? Looked at the IRS website and it says we would, but since the deed is still in the "owners" name and the taxes get paid from their name, but WE pay it, would that disqualify us?
Does anyone have any experience or info or rent to own (lease to own) housing? We are looking to buy and want to know how this works and if it has been worthwhile for anyone. Either as a buyer or seller. Any ideas on how I would approach the seller with the idea? A letter, a phone call, face to face? What would I say? Thanks in advance :)
If I lease out a house I own, what can I deduct from my taxes? Examples of deductions: mileage to show property, welcome basket for tenant, graphic artist to make fliers, etc. Please give me a website that might give more information. TIA!
I want a Rent-to-Own or Lease Purchase house in the Los Angeles, California area. How can I find one? I'm interested in either the South Bay or Southeast area?
Can i lease a horse, but keep it @ my own house? I have been around horses since i was 8 years old. My cousins had multiple horses and lived in the town over, about a 10 minute drive so to say that i practically lived there would be an understatment. I had a passion for horses and riding for as long as i can remember. I spent weeks on my cousins farm (a few years ago after they moved) helping her with all the animals especially the horses. thankfully my mother shared my passion. Although she never rode with me she was always there to watch and cheer :) an occasionally took a ride on my cousins horses. about two and a half years ago i began to have a health problem and had to stop riding. i was devestated, but i found a new passion (figure skating) to occupy my time. I still thought about horses all the time, and continued to love them. My problem is being resolved and we think i will be able to ride again. which makes me so happy. My mom and i have been talking about it and we think it would be great to lease a horse (just over the summer) at our house. We would try riding this summer, both of us. and if it turns out i can then we would probably start up lessons again. (B4 i stopped i was starting small jumps) <333 we would keep that up through the winter and then hopefully lease next summer. We have a very large yard on a private lane in a small and quite town. we would put up fencing and a open shed for the horse (or pony)! My best friend and old riding buddy is a little better than me and she lives down the rode so we would prob do it together... including my mom. My question is: is it POSSIBLE to lease a horse @ your own house if you have the proper enviornment etc.???
What is the max amount of people you can have on a house lease? If I wanted to get into a house that was out of my price range can having a lot of people on a lease help? is there a way to start a business and have that business own the house and apply for the home loan?
Required Disclosures of California Real Estate Broker in leasing own home? Does a California licensed Real Estate Broker have to disclose that he is such in a lease/option agreement for the lease of his own house to another person? If so. What is the reference to California law that requires such a disclosure?
Can we move out from rental appartment before lease expire to buy a house ? I'm buying own house and want to move there in 2 months.But my lease expires only on August. Someone told there is a clause somewhere in the law protecting 1st time home buyer's.I live in New Jersey. thank you, ajoejee.
I am in the process of planning to do a lease-to-own on the house that I currently own and have some questions 1. Will my mortgage company allow me to do this? 2. Can I get less expensive insurance than the full homeowners insurance that I have now as long as I require the tenant to get renter's insurance? Thanks.
Lease to own for our house in Texas? We are considering a lease-to-own option for our house and we're really confused about the process. 1) If we are asking for $1600/month in rent, how much of that would go towards the purchase price of the house? Is that something we negotiate with the buyer/tenet or is there a standard? 2) I assume that money is kept seperately in case the tenant/buyer agrees to purchase the house before the option ends and we give it to....the mortgage company? If they don't want to buy the house, that money is ours to keep, right? 3) What would be a reasonable down payment? The house is worth about $180K right now.
Lease to own a house.....? Can someone give me some goods and bads about lease to own a home?
Who will refinance a lease to own home? I have a lease to own house that I have been in for 2 years and now the landlord wants to sell it to me. I can't get conventional financing becuase my credit is still poor and I dont have alot down.. I know there is some form of info regarding this, stating that a lease home can be "refinance" if you have been in it for so many months and you are doing a lease to own option. I need to find a mortgage company that will refinance this. Any suggestions? Thanks! there are some FHA or salliemae exceptions that allow lease to own homes to be refinanced, but I cannot find that info again. I have worked with a company that does it but their fees were high so I was going to look around to find others.
Lease To Own Housing in Massachusetts? Where is the best place to start looking into leasing a home to own ? I have terrible credit (low 500's) and no money to put down. I can't keep paying a landlord for a crappy place to live anymore. I need a home, no matter what its like. I can fix it up all I want which makes me happy.
how does a rent to own house work? what if i wanted out before paying off the whole price of the house, do I own any shares in the house? How do you determine the term of the lease required to own the place?
Manhattan Kansas Lease to Own? Anyone got any links or phone #s for lease to own houses in Manhattan, KS, USA. Like a rent to own sort of thing every month. Top we can pay is $750 a month. Preferrably 4 beds 2 baths. I doubt it but maybe.
Should we use a real estate agent to lease- to own a house, or just go straight to the individual? My husband and I found a home we love. We REALLY want it but do not have a down payment right now to buy it. We have been working on repairing our credit so we can buy soon, but are not ready to yet. We want to know if we have to go thru a real estate agent to do the lease option or can we go straight to the individual? Do we actually do a closing and have to pay agent fee's when just signing the contract to lease to own? We were told just to do the lease option we had to do a new mortgage and closing and had to pay $12000.00 in real estate fee, that doesn't include the initial non refundable fee to the owner. Does that make sense? I thought we would just draw up a contract on it and not actually do any closing or anything.....I am confused. Any help would be greatly appreciated!! Thanks!!
How does renting to own/leasing to own a house work? I've seen advertisements of this type of thing all around town and I was wondering what was the deal.
Where can I find example or template "Rent-to-Own"/"Lease-to-home" housing contracts? A good friend of mine has a house. She wants to rent and sell, but a possible tenant is interested in a lease-to-own arrangement . I have read up on a lease-to-own arrangement, so I would next like to see what a contract looks like. Where can I find such contracts at online?
has anyone here have done a lease to own contract to purchase a house? hi there me and my husband have been trying to purchase a house but dont have great credit, so we decided to do a lease to purchase on a single family, we have never done this before so we wanted to see if anyone has done this type of deal and how was your experience, and also what kind of down payment did you put down and also how long did you rent it for. thankyou for your time
What are your suggestions for buying a house on a lease/rent to own? For the past 6 months I have been on a perfect house search (and for the owner to finance me). Things fell through w/2 of my favorite houses (leins and water damage etc). Tonight I found a guy that buys houses in foreclosures and resells them on a 24-36 month lease, although he calls it Rent-to-own. My max. budget is 30k. My father will be making the down payment and I am to make the monthly payments til it's paid off. Since I've started college I take out loans to pay my bills and figure why pay rent when the same amount could be going into a house. What should I have in the contract to protect me and him? After the inspection and appraisal of course. I also have 2 roommates that pay $400 month where we live now. They will be paying the same when things are closed on the house. I failed to mention that I would have to have my lawyer look at it, as well as both of my parents... an uncle that was in this business and of course my roommates. I really can't afford to get screwed w/this.
I just bought a house to rent out, can I turn it into a lease to own while still owing the bank? I figure if I sell it with a second lien, I won't have renter's asking me to fix things and they will take better care of it and I will make money off of it too! Maybe I could sell it as a lease with the option to buy? Any ideas?
I want to lease to own or rent to own a townhouse or maybe even a house in houston, how can i found this? Where do I look? Do i just drive around in the area i want to live in and find one by luck maybe or do I get a realator to help me? Are their websites for this? It has to be rent to own?
How can I kick my ex-girlfriend out of my own house?She isnt on the a lease contract with me just lives there. Shes lived at the house for 2 months. We have no lease agreement I pay the bills. Can't I just kick her out? I've heard that since she receives mail at the house they said that I have to evict her when im the owner/landlord of the home.
I have a problem in the locality where I stay? It is our own house and I have a neighbour on lease tenancy? In fact this house out let sewage water flows on road and emits bad smell .formerly there was a pipe line connecting to the gutter line, some how or other it got blocked due to the reason that it broke and the water started flowing on the roads.We have requested many a times to repair this they keep a deaf ear,this people now stays very happily since the water never flows infront of their house.What source of legality I have to take to solve this problem? I do not want to pick up a quarrel and create a scene also. Under this state of affair what i can do? please help me to solve this problem through law? Please advice me step by step action and follow ups? to resort to the real problem solving method.I am sure that some of the citizens of this place Bangalore can do definitely a solution to this public nuisance created by my neighbour See going to conciller as suggested by you does not work .i need step by step explanatiobn on your point pl.
We did a lease to own on a new house, now they filed a reposession of property....can we get our 15000 back? We paid 15000 down for a lease to own home.....our payments were 1500 a month. I got sick, lost my job and my husband fell behind a month and a half...they filed a reposession of property and we have 7 days to get out....can they do this? Can we get our money back...we were here less than a year and are 2189 behind...can they keep all our money?
I have a problem in the locality where i sta? It is our own house and i have a neighbour on lease tenency? In fact this house out let sewrage water flows on road and emits bad smell .formerly there was a pipe line connecting to the gutter line, some how or other it got blocked due to the reason that it broke and the water started flowing on the roads.We have requested many a times to repair this they keep a deaf ear,this people now stays very happily since the water never flows infront of their house.What source of legality I have to take to solve this problem? I do not want to pick up quarrel and create a scene also. Under this state of affair what i can do? please help me to solve this problem through law? Please advice me step by action and follow ups? to resort to the real pe\roblem solving method.I am sure that some of the citizens of this place Bangalore can do definitely a solution to this public nuesence created by my neighbour
I own a house, and am going to rent out my 2 extra bedrooms. Where can I find a rental not lease agreemen? for free. Basically something with house rules.
Anyone sell their house via a "lease to own" agreement? My dad's house has been on the market for about 12 weeks. Interest hasn't been overwhelming, and he already lowered the asking price twice, per the advice of the realtor, to keep his house in line with comparable sales. They just had an open house and one couple expressed an interest. In the next day or two, the realtor is expecting this couple to propose to lease the house for a period of about 6-8 months, at which point they would purchase his home. The realtor has also indicated that, when they make this proposal, they will contractually guarantee that they will purchase the home in March and will also agree to the purchase price now, in the contract. They will also propose that some percentage of the monthly lease payments be applied toward the purchase price of the home. Has anyone had any experience with such an arrangement? Any tips or suggestions? Potential pitfalls? Thanks!
Need some lease to own help on a house? ok, so me and my husband rent a house from his friend/boss. he was going to sell the house to us for the remaining balance of $70,000. but now we are thinking of a lease to own. where we still just pay him the $665 a month and it just goes towards the amount of the house, we can pretty much fix, or redecorate how we want, and if we decide to move earlier than expected. no fees or anything just lose out on the money we paid. but the question is how to we start doing that, as in the paperwork and putting it all in writing and such?
If I rent a home in a "rent-to-own" situation, can I get out of it if I change my mind after the lease is up? It will be "rent-to-own" NOT "lease purchase." Meaning a portion of the rent will go towards a down payment but it will still be like renting, there will be no $5k to $10k down payment like on a lease purchase. My question is, if we change our minds at the end of our lease, are we stuck buying the house like in a lease purchase?
Are there any good rent to own or lease with option to buy websites, that are free? Here's the deal, i really want to buy a house in this economy but my credit and my husbands are horrible (we're in the 500's). Also i don't want to rent anymore because i'm tired of throwing away my money. Is there a website that would give me the listings of places to go? Is there anything i should be looking for? Or be aware of? I'm really interested and can move in by September.
CAN I BREAK A LEASE IF I AM MOVING TO MY OWN PLACE? Can i give notice and break a lease if i am moving to my own house ?? whats the law about that in uk?????? in my lease it says i can give (30days notice or sooner determined) so with this clause what u think????
Have you done the "Rent to Own" or "Lease to Own" housing thing? If so, what was your experience. I am only interested in hearing from buyers/sellers who have actually done this, not just someones opinion on the program. I am pretty much aware of how the program works, and I understand that the deal could be potentially dangerous for the buyer, but I would like to hear from people who have been through the process before, no matter if the experience was good or bad. Thanks
Do I have to pay yearly lease for a house if its not available for 4 months to me to live in? There are 6 of us in the house, and the house is owned by the father of one of the guys living there. He wants a yearly lease to us, but he hasn't finished renovating the place. He still expects us to pay for may, june, july and august even though I won't be living there, and that it won't be available to me even if I had to. What gives?
I own a rental house. The lease clearly states NO PETS. Tenant moved pets in without my approval.? If I decide to terminate the lease because of the infraction, and the tenant willfully or unwillfully vacates the property ( I proceed with EVICTION), #1 has he formally "broken" the 1 yr lease agreement when he departs before the lease is fulfilled? #2) Am I legally entitiled to keep the security deposit which equals 1 months rent?
I have a house that i want to sell but the market has been so bad that im going to lease to own? The person that want to lease from me has bad credit so she will need to rent from me for a year... unfortunately my mortage is set for 10 yrs so my payment is higher than usual. I pay $1986.00 and im offering to sell them the house for $223,000 but the rent is where im not able to be flexible with because to my understanding if they rent from me for a year all that money is going towards the balance of the mortgage and they are not going to have enough money to set aside for a down payment and pay me rent..... So i guess what what im trying to find out is there any other way for this person to be able to buy this house from me in the same lease to own option? Is there another way to do this that would benefit the both of us? I dont want them to loose money and i dont want to loose money either but i really i want to sell my house and they really want my house......
I am stuck in a commercial lease which has 9 years to run i cnat afford the payment but own my house if i walk? away and dont pay what can the landlord do
do you need a credit card to buy a car or lease a house in winnipeg canada? i am a new immigrant,. i never owned a credit card in my entire life.
If you break a rent to own lease and just rent a house, can you ever buy the house later? My husband and I have been in a rent to own for two years and the owners want to do owner financing. The real estate agents say that's fine but want $18000 up front for their commission. Neither party has that money so the real estate agents say we can either stay in the contract and try to get financing from the bank later or break the lease and just rent. They say if we break the lease though, that we will never be able to buy the house.... is that correct? That doesn't seem right to me.
i signed a 6 moth lease and the house was under foreclosure and now i have to move what are my rights? i went to the sale of the house today and the bank now owns the house and i have to move what are my rights
looking to rent a house - how risky is this? (lease to own)? there are 2 signs in the front yard (a for SALE sign by realator and FOR RENT by owner) we called the owner to see if we could see the house and what the terms of the lease were. he said he was 4 months behind on the mortgage so the lease would be month to month (basically until we were kicked out due to foreclosure) but he said we could work out a lease-to-own option where the rent could go towards the purchase price. we really like the home but are not interested in purchasing it. we are thinking about doing the lease-to-own but unsure how to break out of it. is it easy if after a year or 2 decide we had enough we don't want to purchase you keep the payments as rent?
What are my options when I was lured into signing a lease when we were suppose to be renting to own? One year ago this month we were lured into signing a lease on a property that was suppose to rent to own. I was told that we had to be in a lease a year before transfering it over to rent to own I was also told that the $6500 we have paid in rent would be counted torward the rent to own. However none of this has happened and I recently found out that the person that rented it to me is a real estate broker and he does not even own the house. What are my options Please Help! The only reason we signed the lease is because we were lied into it. I have documentation proving this.
I am in a lease to own home for 290,000, I think it is going to be appraised for a LOW AMOUNT. Am I bound to t I am in a lease to own contract for my house. We thought we were getting a good deal a year ago until we realized the prices have dropped a whole lot. The asking price is 290,000. I think it is actually worth 260,000 or less. Can a realtor hold you to this price if it is not appraised for that much?
Has anyone bought a house with the Rent to Own option? I'm newly divorced and trying to get back on my feet financially. I've had credit problems in the past, and have been paying $2500 a month in rent for the past 2 years, and it kills me that i'm not building any equity. I recently heard about Rent/Lease to Own options to buy a house. I would be interested in hearing from anyone that's done this and what your experience has been. Thanks!
Florida (Daytona Beach) Houses Rent to Own? Lease? Monthly? I decided to try posting a question a few months in advance regarding my late-June move to Daytona Beach, FL. I'm going to be moving to DB to find a place to move into (Port Orange, S. Daytona, and Holly Hill are applicable as well with HH being last resort on the list) and will be looking for a place (house preferrably) to pay monthly on (preferrably Rent-to-Own or some sort of Lease or similar?) instead of wasting time and money on an apartment where it'll eventually diminish. I'm planning on moving somewhere with 2 bedrooms (or more would be fine), in a decent neighborhood, and with a small yard with grass or at least a few trees. I'm unsure of the available amount that I'd be able to finance monthly at this time but I'm thinking $1k and under. My brother and I are very responsible people and are non-smokers and rare drinkers. The problem is (well, some people would consider it a problem) that we both have pets. My brother has a dog and I have tamed, caged, rabbits (4). Please help!
leasing to own a house? Does anyone know what paper work is involved or important or how to go about leasing to own a house. We have decided to look into this option with the house we have for sale and don't really know where to get the needed information.
lease to own home calculator? I am planning on leasing-to-own my house to someone else, but I need help to calculate the monthly payments. Anyone knows of an online calculator???
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