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In the case of a car, yes you can. Most car lots will allow you to rent to own a vehicle. In the case of a house, it depends on where you live. Most places do not offer a rent-to-own option. You either rent, or you own. However, things may be different in your area. Talk to a real estate agent.
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∙ 12y ago
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How does a rent to own for a house work?
It's pretty risky. When you move into a rent-to-own house, you generally pay an "option fee" of 1-2% of the house price. Then, if you rent the house for the term, you get the option to own it. Be aware, however that if you leave the house or violate the lease, you lose your option fee and the time invested, leaving you with no equity.
How can a person that is under 18 rent housing ?
An individual that is under the age of 18 can not rent housing legally. To rent a house a contract or lease may be signed and no one under 18 can legally enter into a contract.
Does "Homes for lease" mean the same as "Homes for rent"?
Homes to rent and homes to lease are very similar. Homes to rent you rent them for a week, a month or whatever you agree on withyour landlord. Homes for lease is pretty much the same but some lease to own has an option to buy the place you are renting.
Can you still rent out an apt if im on a lease for a house?
Yes.
What is the term for ground rent lease?
Ground rent lease means you own the house but someone else owns the actual property that the house sits on; therefore, you must pay the owner rent on that land. If you don't own the ground rent, you can purchase it.
How do you get your ex out of your house if he's not paying rent and is not on the lease?
Call the police.
With a Rent-to-Own lease- can the landlord at the end of the lease decide not to sell?
Normally there is no such thing as Rent to Own of a dwelling. Usually it's rent with option to buy. The amount of money paid in rent may or may not count toward the costs of ownership. This all depends on the term of the lease. The Landlord has the right to decide not to sell the property at any time during or after the lease period.
What does sublet mean?
To lease or rent your already leased or rented apartment/house
What is the average rent increase in FL?
Under Florida law, a landlord is permitted to raise your rent as long as its stated in your lease. This law does not specify how much the landlord can raise the rent, only that he is permitted to if your lease says he can.
A lease to own house purchase also rent to own purchase or lease purchase is a lease combined with an option to purchase the property is that true?
A lease purchase is a method of buying a home by way of a rental or lease agreement that includes a clause (option) allowing the renter/lessee to purchase the home within a specific time frame. Sometimes called an option or a rent to own purchase, this home-buying method is similar in concept to renting to own a property, only the financing of the property is generally transferred from the seller to a lender once the renter/lessee exercises the option to purchase the property. Lease purchases are popular amongst homebuyers with poor credit, who cannot get financing, and are often used as a means to secure a home at a set price while repairing credit issues in preparation for bank financing. These instructions will guide you through the process of a lease purchase.
Is it better to rent or lease a home?
It is better to rent because the lease involves signing a contract saying 'I am going to use this house for (insert time)' while the rent usually goes by month to month and you can leave out on the deal almost anytime.
Where can I find a rent or lease agreement for a house online?
The safest way to do this is to pay for a reletor to help you.
