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Can you get ripped off in a lease option to buy a house?

Public Comments

1. Be very carefull. Only a portion of the lease will count. Get it in writing.
2. Yes you can definitely get taken, always make sure all of the specific terms are in writing, never ever agree to anything verbally. It is not always the case that in a lease option any portion of the monies paid goes toward the selling price, it's all in what the contract stipulates.
3. You can't get ripped off if you have all the stipulations in writing or as part of the lease. You don't have to put any money toward the house, but instead could be a right of first refusal where you save your own money toward a down payment. If you don't understand this, you probably need to hire a lawyer to produce or approve the document that you and the property owner will sign and notarize. Good luck.