Lease Buy Option LeaseBuyOption.com

A lease option is a real estate arrangement that gives a tenant the right to purchase the property they are renting at a predetermined price within a specified time frame. Here’s how it typically works:

1. **Lease Agreement**: The tenant enters into a lease agreement with the property owner, which outlines the terms of the rental, including rent payments and duration.

2. **Option Fee**: The tenant usually pays an upfront fee, known as an option fee, which gives them the exclusive right to buy the property later. This fee can sometimes be applied toward the purchase price if the tenant decides to buy.

3. **Purchase Price**: The purchase price is typically agreed upon at the beginning of the lease, providing clarity for both parties.

4. **Decision to Buy**: At the end of the lease term, the tenant can choose to buy the property or walk away. If they choose to buy, they can exercise their option and complete the purchase according to the previously agreed terms.

This arrangement can be beneficial for tenants who want to eventually own a home but may not currently qualify for a mortgage. It also provides sellers with potential buyers and a steady rental income.

LeaseBuyOption.com Is available for sale, lease, or for publishing individual listings of properties, agents, or brokers.
LeaseBuyOption.com is also currently under development, so pricing is not static.
Contact Rich Perilli 609 433 2468