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Aug 5, 2015 · Rent-to-own is when a tenant signs a rental agreement or lease that has an option to buy the house or condo later -- usually within three years. The renter's monthly payments will include rent payments and additional payments that will go towards a down payment for purchasing the home. The lease contract will state the tenant's rental payment ...
3. You pay an option fee. You’ll also pay an “option fee” when renting a rent to own home. This is also negotiable, but is usually about 1% (but can be as high as 5%) of the purchase price—up front. It is a one-time, non-refundable fee that gives you the option to buy the home at an agreed upon price in the future.
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Jan 8, 2024 · When negotiating the Rent to Own contract, you and the homeowner might agree that you will pay $1,750 a month, with $250 set aside as your rent credit amount. If you have a three-year lease, you’ll end up with $9,000 ($250 x 36 months) in rent credit when the lease ends.
Use Zillow's Rent vs Buy Calculator to help determine if renting or owning is the best option for you. The Rent Vs Buy Calculator will help you understand how many years it will take before the cost of buying equals the cost of renting, and more beneficial information. For more information on renting vs owning, please click here . Use Zillow's ...
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Feb 10, 2023 · A lease option is a contract in which a landlord and tenant agree that, at the end of a specified period, the renter can buy the property at a specified price. The tenant pays an up-front option ...
Zillow has 69 homes for sale in Tampa FL matching Lease Option Available. View listing photos, review sales history, and use our detailed real estate filters to find the perfect place.
