When it comes to a house what is a lease with an option to buy?
and can the rents be used towards the purchase price?
Public Comments
- They are a way to rip you off. Walk away, go for a clean sale.
- That is pretty much the idea. Part of your rent goes toward a purchase price. My only suggestion, if you want to try to do this, is get a very good Real Estate lawyer. There are many pit falls in this kind of arrangement, and you want to be sure your interests are protected.
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